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OKLAHOMA CITY - Oklahoma City's SandRidge Energy Inc., which last month emerged from bankruptcy reorganization, plans to further reduce employees as it copes with continued low oil prices.

The company confirmed Friday that it plans layoffs soon, but didn't provide details on the timing or number of employees involved.

"Taking this action is difficult, but critical to ensure we are strategic and intentional in aligning our staffing levels with our level of activity," said spokesman David Kimmel. "During this extended period of low commodity prices, these reductions are necessary for the long-term success of our company. It's important to acknowledge the significant contributions made by those who are leaving and to demonstrate our commitment to assisting each affected individual throughout this transition."

The company had one drilling rig active in Oklahoma throughout the third quarter and one rig active for part of the quarter in Colorado. SandRidge has about 650,000 acres of northwest Oklahoma's Mississippi Lime and about 136,000 acres in Colorado's Niobrara Shale.

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