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One-Page Deal Sheet

SandRidge Energy, Inc.Sells Piceance Assets

Williams Companies, Inc. Sandridge Energy, Inc.
AnnouncedMar 15, 2010
TypeProperty
Announced Date
March 15,2010
Close Date
May 22,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
285




Snapshot
Asset/Basin:
{"Piceance Basin"}
Net Acres
Location
Country
United States

State
Colorado


Transaction Details:  Subscribe to see

- SandRidge Energy, Inc. today announced
that it has entered into an agreement, along with other parties, to sell substantially all of its assets
located in the Piceance Basin of Colorado to a subsidiary of The Williams Companies, Inc.
. The total purchase price is $285 million, with net proceeds to the company
estimated to be approximately $140 million, subject to closing adjustments and allocation of the
sales price among multiple sellers. Assets to be sold include undeveloped acreage, working
interests in wells, gathering and compression systems and other facilities related to the wells. The
sale…

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