SandRidge to acquire Cherokee play assets in $65 million bolt-on deal The deal includes interests in 21 wells and eight proved development locations and adds about 3,000 boe/d of production. SandRidge will add about 3,000 boe/d (43% oil) and roughly 7,000 net leasehold acres. The acquisition covers interests in 21 wells and eight proved development locations, the company said.