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JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Jun 4, 2010 · 27 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. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 1
  2. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 2
    SandRidge Who We Are Drilling Traditional, Conventional Reservoirs Focus on Costs (450,000 - 2.1 Million) Predictable Production Profiles with Low Declines Low Acreage Costs in Proven, Mature Basins Certainty of Economic…
  3. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 3
    10 15 20 25 0 5 1900 1903 1906 1909 1912 Red Oak Field 1915 1916 Kinta Field 1918 1921 1922 Hugoton Field 1924 Is There Risk 1927 1930 1930 Sandhills Field (Clear Fork) 1933 1936 1936 Carthage Field 1939…
  4. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 4
    US Natural Gas Drilling Activity Will Challenge Natural Gas Price Assumes 22% US decline 900 950 Current Gas Rigs Horizontal Drilling 60% efficiency increase Rig count continues to increase 6
  5. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 5
    Simple Macro Oil Theory on Why Oil is difficult to find. Companies Focusing on North American Gas: BG BP Devon Exxon-Mobil WHY Mitsui StatOil Total 7
  6. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 6
    Hedging History 2007A: 54% 7.91 2008A: 76% 8.97 2009A: 77% 8.59 2010E: 80% hedged 9.17/Mcfe From 2007 to 2010: 75% Production hedged at 8.82/Mcfe From 2010 to 2012: 1.4 Billion Oil Revenue locked-in Current Position as of June 1,…
  7. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 7
    Transaction Summary Strategy: Why Arena Increases exposure to oil (8,500 Boepd 86% Oil) Single asset focus in the Central Basin Platform Low risk drilling (2,700 locations) Shallow vertical wells (less than 6,000 feet) Proven…
  8. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 8
    Transaction Arena Key Attributes Production/Reserves 86% Oil Concentrated, operated oil-weighted Permian Basin position March 2 disclosed net production 8,500 Boepd with significant growth potential 69.3 Mmboe proven reserves YE…
  9. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 9
    Concentrated West Texas Asset Base CENTRAL BASIN PLATFORM San Andres / Clear Fork Formations Combined West Texas San Andres Net Acreage (4,300) Position MIDLAND 770,000 acres ODESSA Midland Basin Clear Fork Delaware…
  10. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 10
    Permian Basin (Fuhrman Mascho Field) CENTRAL BASIN PLATFORM San Andres / Clear Fork Formations SandRidge Permian Production 12,000 Boe/d Land 150,000 acres (net) Resource Potential 287 Mmboe 2,700 Drilling Locations Estimated…
  11. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 11
    Permian Basin Central Basin Platform 2,000 Central Basin Platform 3,000 4,000 5,000 6,000 Delaware Basin Midland Basin 7,000 8,000 9,000 10,000 Note: Diagram is not to scale and is for illustration…
  12. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 12
  13. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 13
  14. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 14
    NW Oklahoma Mississippian Horizontal Play MISSISSIPPIAN FAIRWAY SandRidge Potential MISSISSIPPIAN HORIZONTAL POTENTIAL Land 115,000 acres (net) 280 drilling locations 320 acre spacing assumption EUR/WELL 160 Mbo, .45 Bcf Non…
  15. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 15
    Woodford Play 2011 Source of Funds CLR: Brown 1-2H SandRidge Position 7 day test: 4,200 Mcfpd , 100 Bopd WOODFORD HORIZONTAL POTENTIAL WOODFORD FAIRWAY Land 45,000 acres 280 drilling locations 5-8 Bcfe/well WOODFORD INTERVAL…
  16. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 16
    Pion Compares Favorably Against ANY U.S. Gas Play SandRidge Energy Daily Production -- MCFE Average for Formation vs. Type Curve Warwick Type Curve Wells 120,000 Tier 1 Economics All HBP Mature Field 100,000 High Perm…
  17. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 17
    Pion Field: 2009 Wells Drilled / 2010 Development Drilling Gross Thickness Map of the Warwick Caballos 19
  18. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 18
    Pion Development: Century Plant Phase I Start-up: August 2010 Triple Treating Capacity Largest Single Industrial Source CO2 Capture Facility in North America Currently Qualifies for Tax Credits Will Benefit from Most Cap & Trade…
  19. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 19
    WTO Exploration: Prospects and Leads 65 MILES 1,300 SQUARE Pion Field MILES OF 3-D SEISMIC COVERAGE Owens A 103 1A Over -Thrust Prospects / Leads LF King 9 23 1 Sub -Thrust Prospects / Leads (Fusselman & Ellenburger)…
  20. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 20
    6 Exploration Risks in WTO / High Reward Structure Seismic Character Gas in Place Low Cost, High Perm Reservoir Reservoir with Superior Thickness Economics Fracturing CO2 22
  21. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 21
    Western WTO: King Structure LF King 9 23-1 Top of Cab 8,558 Gross interval thickness 904 Avg x-plot porosity of 2-3% High Resistivity in the Chert On the back-limb of a structural high Down dip from the crest of the structure…
  22. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 22
    Eastern WTO: Magnolia Structure 6430 Tesnus N Sand Structure Map Top 6,400 Sand Depth Structure Map Magnolia Structure 21,200 Acres Owens A 103-1A C. I. = 500 ft Owens A 103-1A Drill Depth 11,665 Feet W TRACE 2240 E 5,000 of…
  23. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 23
    WTO Exploration: Owens 103A 1A / Owens Sand Owens SS: 10,337-10,540 Gross: 101 Net: 61 Average Resistivity: 100 Average Cross-Plot Porosity: 9% Sw: 40% Max Gas Show: 3,196 units Perfs: 10,460-10,485 10,520-10,530 Owens SS:…
  24. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 24
    WTO Exploration: Owens 103A 1A / 6,400 Sand Tesnus SS: 6,381-6,874 Gross: 419 Net: 177 Average Resistivity: 40 Ohm-m Average Cross-Plot Porosity: 10% Sw: 47.4 Max Gas Show: 1,597 units 26
  25. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 25
    Appendix 27
  26. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 26
    Notes and Preferred 28
  27. JUNE 2010 ANNUAL GENERAL MEETING – Sandridge Energy, Inc. – slide 27

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