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RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Mar 7, 2011 · 28 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. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 1
    March 7, 2011 Raymond James 32nd Annual Institutional Investors Conference Orlando, FL
  2. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 2
    SandRidge Continued Focus on Oil 62,400 Boepd Production (29,200 Bopd) (a) Oil Revenue(b) 80% Oil to Gas Price Ratio(c) 22:1 19,000 Locations Drilling Locations(d) ( 11,000 Oil Locations) Drilling Dedicated to Oil(e)…
  3. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 3
    Oil Strategy Shallow, Low Cost, Conventional Acquisition of Permian Central Basin Platform CBP properties 7,600 Boepd in December 2009 (FST) 8,200 Boepd in July 2010 (ARD) Current 185,000 acres Central Basin Platform Oil Drilling…
  4. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 4
    SandRidge Operating Areas 2011 Drilling Forecast 2011 Drilling Forecast 2011: 138 Wells TOTAL RIGS: 12 MIDCONTINENT 138 (Oil) PERMIAN BASIN 811 (Oil) Midcontinent WTO 1 (Gas) SD TOTAL 950 OKLAHOMA CITY RIGS : 28 Oil Rigs 2011:…
  5. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 5
    Note: SEC Pricing 6 www.SandRidgeEnergy.com
  6. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 6
    Permian Basin Central Basin Platform Shallow, Carbonate Oil Play Has produced oil for over 80 years Is the 3rd largest petroleum producing area in the U.S. after the Gulf of Mexico and Alaska 29 billion barrels produced from the…
  7. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 7
    Permian Basin Central Basin Platform 2,000 Platform Carbonates 3,000 Yates 4,000 Grayburg San Andres 5,000 Clear Fork 6,000 Delaware Basin Midland Basin Wichita - Albany 7,000 8,000 Wolfberry Bone Spring…
  8. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 8
    Central Basin Platform Overview Central Basin Platform Focus High Rate of Return Oil Drilling Low Drilling Costs Predictable Production Profiles Low Acreage Costs ( 185,000 Net Acres) Certainty of Economic Return SD is most…
  9. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 9
    Central Basin Platform Average Permian Curve 7,700 Potential Locations(a) All Permian Type Curve 120% 100% 75 Mbbl (79% Crude) 80% 47 Mmcf, dry BTAX RoR 60% 83 Total Mboe 40% 760M/well 20% 65 Boepd 30 day IP 0% 88%…
  10. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 10
    Permian Asset Value Growth (YE09 through YE10) NET INVESTMENT PV10 VALUE RESERVES 1,871 MM (a) (b) (a) (b) PV-10 Value Growth = 3,249 MM Net Investment = 1,871 MM Growth of Investment = 1,378 MM Reserve Growth = 162…
  11. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 11
    Mid-Continent Horizontal Mississippian Oil Overview High Perm, Carbonate Oil Play Shallow oil target (< 6,000 TVD) Attractive drilling and completion costs Extensive reservoir control from thousands of vertical wells Conventional,…
  12. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 12
    Horizontal Mississippian Oil High Rate of Return 3,400 Potential Locations 180% Horizontal Mississippian Type Curve 160% 140% 211 Mbbl (100% Crude) 120% 1,186 Mmcf BTAX RoR 100% 80% 409 Total Mboe 60% (a) 2.7MM/well…
  13. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 13
    Horizontal Mississippian Oil Play Acreage 160 Miles KS OK 100 Miles 6.5 Million Acres SandRidge Focus Area 17,000 ( 7,000 within ) Vertical Mississippian producing wells SandRidge currently owns 780,000 Net Acres 37…
  14. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 14
    Horizontal Mississippian Oil Growth 4,500 50 4,000 45 Significant Oil Growth 40 3,500 from Horizontal Mississippian 35 3,000 Program 30 RIG COUNT 2,500 NET BOPD 25 2,000 20 1,500 15 1,000 10 500 5 0…
  15. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 15
    Horizontal Mississippian Oil Decline Model Horizontal performance currently predicted using 1.5 B factor Yields 211 Mbo EUR horizontal oil recovery 409 Mboe(a); 100% ROR; 2.7MM capex 30 Years + of vertical performance data (B =…
  16. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 16
    Horizontal Mississippian Performance Above Type Curve Average Well Performance vs Type Curve Production 400 45 Average PDP EUR: 470 Mboe 40 350 NSAI PUD EUR: 409 Mboe 35 300 30 250 Well Count Boepd 25 BOE 200 20…
  17. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 17
    Single Well Comparison Oil/Liquid Plays (3) (3) (3) (4) (1) NPV and IRR based on Strip Prices at 02/14/2011 (2) Netherland Sewell YE2010 type curve (3) Eagle Ford and Bakken metrics compiled from industry sources (4) 1st month…
  18. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 18
    Drill Times Trending Lower 19 www.SandRidgeEnergy.com
  19. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 19
    Horizontal Mississippian Implementation Drilling Program Conventional 1,000 hp rigs Currently contracting 6 third party rigs 6 SandRidge rigs running SD owns 31 rigs Completion Program Frac Crews Low pressure equipment…
  20. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 20
    Extensive Infrastructure Map courtesy of Atlas Pipeline Partners, L.P. 21 www.SandRidgeEnergy.com
  21. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 21
    Completed / Planned Asset Monetization Estimated Proceeds of 900 Million Bone Spring / Avalon CLOSED Wolfberry CLOSED Announced Mississippian monetization Pending New Mexico Pending Total Estimated Proceeds 700 Million Other…
  22. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 22
    2011 Funding Overview 1,400 1,300 (24) 127 1,200 265 1,000 199 800 746 154 (242) 600 22 471 109 (55) 400 200 Closed Pending 0 EBITDA (a) Interest Pref Other/WC Adj. CFFO Bone WolfBerry New Miss RT 1 Miss RT…
  23. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 23
    Significant Gas Upside POTENTIAL GAS RESOURCE LOCATIONS(a) WTO / Pinon 5,528 Sahara SAHARA OKLAHOMA 994 OKLAHOMA CITY EAST TEXAS 1,465 OTHER 51 SD TOTAL 8,038 MIDLAND East Texas FT. STOCKTON West Texas Overthrust Texas…
  24. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 24
    Hedging Contracts in Place as of February 18, 2011 Year Ending 12/31/2011 12/31/2012 12/31/2013 Oil Swaps: Volume (MMBbls) 8.29 9.55 7.94 Swap 86.08 87.10 92.21 Natural Gas Swaps: (a) Volume (Bcf) 59.57 26.85 0.00 Swap 4.69…
  25. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 25
    Appendix
  26. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 26
    SandRidge Snapshot (NYSE: SD) Financial Ov erv iew Bonds and Preferred Stock ( in millions, YE 2010 Balances) ( in millions) Market Capitalization (a) 3,678 Senior Notes Basic Shares Outstanding (million) 406.4 Sr. Floating Rate…
  27. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 27
    2011 Operational Guidance Production Oil (MMBo) (a) (1) (MMBbls) 12.3 Natural Gas (Bcf) 66.5 Total (MMBoe) 23.3 Differentials Oil (a)(1) 11.00 Natural Gas 0.75 Costs per Boe Lifting 11.80 - 13.10 Production Taxes 2.05 - 2.30…
  28. RAYMOND JAMES 32ND ANNUAL INSTITUTIONAL INVESTORS CONFERENCE – Sandridge Energy, Inc. – slide 28
    Contact: Kevin R. White SVP Business Development 123 Robert S. Kerr Avenue Oklahoma City, OK 73102 405-429-5515 kwhiteSandRidgeEnergy.com www.SandRidgeEnergy.com

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