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SandRidge Energy to lay off 132 employees

2015-04-04 02:02:27| Energy - Topix.net

According to a statement issued by company CEO James Bennett, declining oil and natural gas price have forced the company to adjust its workforce to align with "the realities of a lower commodity price." SandRidge last month cut its 2015 drilling budget to $700 million, down nearly 56 percent compared to 2014.

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