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

HartEnergy.com

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.

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Mississippi Lime

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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.

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