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Uncertainty around SandRidge’s well-water treatment and disposal business is dispelled
SandRidge Energy (ticker: SD) announced that the Internal Revenue Service decided to grant it a positive private letter ruling (PLR) in an 8-K filed by the company Monday. A decision on SandRidge’s well-water treatment and disposal business was snared for more than a year when the IRS decided to initiate a pause on PLRs following a spike in 2013.

The IRS has since released its proposed ruling on qualifying income for MLPs, but uncertainty remained if comp...


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