SandRidge Energy Inc. said Wednesday it would offer senior notes worth $450 million to help pay for oil and gas property in Texas.

The offering, which was increased from a previously announced $400 million in senior notes, is expected to settle Dec. 16. The notes are due Jan. 15, 2020.

SandRidge Energy stock dropped 17 cents, or 2 percent, to $8.21 on Wednesday.