Corporation Commission to get update on state bankruptcy lawsuit against SandRidge Energy

A Thursday public meeting of the Oklahoma Corporation Commission might include discussion is expected to discussion  of the state’s lawsuit against Oklahoma City-based SandRidge Energy over its 2016 bankruptcy filing.

The commission might hold an executive session to conduct confidential communications concerning the litigation which was filed in Houston, Texas where SandRidge filed bankruptcy two years ago.

A fight over Unclaimed Pooled Monies is at the heart of the lawsuit. The OCC is seeking $605,899.78 that SandRidge reported having in an escrow account in June of 2016. It later admitted remitting only $123,542.82 of the money.

The lawsuit by the state was filed in April 2017.

The commission meeting will be held at 9:30 a.m. in the Jim Thorpe building.