Those of you who receive Google news alerts might have been alarmed to read about 200 layoffs at SandRidge Energy. I just talked to Marsha Wooden, vice president of administration, and did some digging. Wooden reports this alert is false and appears to a rehash of layoffs that occurred two years ago. Some brief investigation shows that indeed, KOTV 6 in Tulsa “updated” their 2009 story today and that it got picked up by an obscure site (seems to be one of those ‘bot sites for advertising), and thus you have the Google alert.
I hope this clears up any confusion. It is true, meanwhile, that oil is racing up to $100 a barrel – a far cry from what we were seeing in 2009.