A top executive for SandRidge Energy says the company plans to spend $350 million next year to drill another 100 horizontal wells and build associated infrastructure in the Mississippian Lime formation in Kansas
David Lawler, executive vice president and chief operating officer for the Oklahoma-based firm, says that plan should make people understand the company's interest in the Kansas formation.
His comments, made last week, are in sharp contrast to the recent announcement from oil giant Shell Oil Co. that it was pulling up stakes and selling its Kansas assets. The Shell move was the latest in a string of major oil exploration companies that have given up on the Kansas side of the Mississippian Lime formation.
SandRidge has more than 1 million acres of mineral leases in Kansas.
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