SandRidge Energy Inc. has rejected Midstates Petroleum Co.’s unsolicited offer, saying the numbers didn’t make a deal feasible, but it has hired advisers and said it is open to other options—that may include Midstates. The decision to turn down Midstates’ stock-merger bid, SandRidge said Monday, “was primarily based on significantly differing opinions of Midstates’ proven oil and gas reserves, largely related to the assessment of the number of economically viable drilling locations at current oil and gas prices.”...

Source: Wall Street Journal March 19, 2018 23:37 UTC