Sandridge income rises year-on-year

Oklahoma-based oil and natural-gas company Sandridge Energy has announced net income of $44.9m (£28.2m), or $0.20 per diluted share, for second-quarter 2010, compared with a net loss of $91.2m, or $0.52 per diluted share, in second-quarter 2009.

Adjusted EBITDA of $190.9m compared with $144m in the comparable quarter, while operating cash flow of $135.5m compared
with $100.2m in that quarter.