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The Boston Globe

Business

SandRidge Energy Inc.

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SandRidge said it would pay $1.28 billion for closely held Dynamic Offshore Resources LLC of Houston, increasing its oil and natural gas reserves in the Gulf of Mexico. But some investors soured on the deal because of the risk of hurricanes in the gulf and the addition of more gas production when prices are already at 10-year lows, one analyst said. CEO Tom Ward said the company sees the gulf “as a great area in which to invest.’’

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