OKLAHOMA CITY, Sept. 4, 2014 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that its board of directors approved a program to repurchase up to $200 million of the company's common stock. Under the program's terms, shares may be repurchased on the open market, through privately negotiated transactions such as block trades, or by other means as determined by SandRidge's management and in accordance with the requirements of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and other conditions. There is no fixed termination date for this repurchase program, and the repurchase program may be suspended or discontinued at any time. Payment for shares repurchased under the program will be funded using the company's working capital.
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