Exploration & Production

Acquisitions & Divestitures

SandRidge Energy Names Carl Giesler CEO Amid Cost-saving Initiatives

Carl Giesler led the cost and operational turnaround of Jones Energy, which led to the $201.5 million all-cash buyout of the Midcontinent-focused E&P company in January.

Emily

Patsy

Hart Energy

Tue, 04/07/2020 - 03:30 PM

SandRidge Energy Inc. said April 7 it has tapped Carl F. Giesler Jr. to serve as CEO amid a number of initiatives to boost shareholder value.

Giesler led the cost and operational turnaround of Jones Energy Inc. His efforts led to the $201.5 million all-cash buyout of the Midcontinent-focused E&P company in January.

At SandRidge, Giesler will take the helm from John P. Suter, who will return to serving as COO after filling in as interim CEO following the departure of Paul D. McKinney in December. The Oklahoma City-based company is also focused in the Midcon region, where the majority of its production is generated from the Mississippian Lime formation in Oklahoma and Kansas.

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Looking for full access? Subscribe now

Mississippi Lime

In this article

Chart reflects yearly performance.

Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.

Recommended Reading

OPEC Countries Lose $500 Million A Day In Oil Price Crash

For the most part, oil is a top income source for members of OPEC and such a dramatic fall in prices will put a strain on their economies.

OPEC+ Oil Output Cut Compliance at 101%, Sources Say

The OPEC+ group of oil producers fully complied with supply cuts in November, two sources from the alliance told Reuters ahead of the group's Jan. 4 meeting to discuss whether to boost production further.

Oil Prices Jump After Rout On Stimulus Hopes

Russia also signaled that talks with OPEC remained possible with its oil minister, Alexander Novak, saying he has not ruled out joint measures with OPEC to stabilize the market.