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Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc.

Sandridge Energy, Inc. · May 7, 2015 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 1
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  2. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 2
    2015 BUDGET PHILOSOPHY REFLECTED IN Q1 RESULTS EBITDA, PRODUCTION & SPEND RATE IN LINE WITH PLAN 182MM of adjusted EBITDA; adjusted earnings of 0.00 per diluted share Mid-Continent production of 76.2 MBoepd, up 50% vs Q1 2014 Total…
  3. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 3
    27% MORE EUR FOR 80% OF THE COST returns are preserved drilling location count grows. At lower well costs Development inventory is preserved with lower costs and expanded with oil price recovery Type curve returns at target…
  4. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 4
    RIG ACTIVITY TARGET ACHIEVED IN FIRST HALF 2015 Current 6 Development Rigs + 1 Committed to Appraisal New Ventures DRILLING LOCATION INFORMATION ( As of April 2015) MISS CHESTER WOODFORD* Producing Laterals 1,463 41 8 1Q15 30-day…
  5. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 5
    LIQUIDITY AND BALANCE SHEET FLEXIBILITY INTACT Ample Liquidity, No Near Term Maturities 725MM liquidity 900MM borrowing base 0.22x senior leverage ratio (senior secured debt/LTM pro forma EBITDA) vs 2.25x covenant 251MM mark-to-market…
  6. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 6
    SANDRIDGE HAS A LEADING U.S. MIDCONTINENT OIL & GAS POSITION WE ARE SKILLED, LARGE SCALE DEVELOPERS OF OIL AND GAS RESOURCES 1,500 wells drilled, over 5B invested since 2010 (1.6B in 2014) Producing 90 MBoepd, largest water gathering…
  7. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 7
    CONSISTENT WELL PERFORMANCE ABOVE TYPE CURVE Several Quarters of Stronger Gas IPs and Early Volumes SandRidgeEnergy.com 8 8
  8. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 8
    ON TRACK TO ACHIEVE 2.4MM PER LATERAL COSTS 350K of 600K Targeted Savings Realized as of April 2015 130K REALIZED - EFFICIENCY GAINS Rig efficiency & location high-grading Wellbore & completion design Liner tool elimination…
  9. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 9
    COST SAVINGS EVIDENT IN CYCLE TIME Drilling Efficiencies Driving 30% Spud to Rig Release Cycle Time Reduction Quarter Over Quarter SandRidgeEnergy.com 10 10
  10. Q1 2015 EARNINGS RELEASE – Sandridge Energy, Inc. – slide 10
    UPDATED 2015 OPERATIONAL GUIDANCE DD&A PRODUCTION PRICE REALIZATIONS a) EBITDA from Oilfield Services and Other is a non-GAAP Oil (MMBbls) 9.0 10.0 Oil (differential below WTI) 3.75 financial measure as it excludes from net income…

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