Fourth Quarter and Full Year 2009 Earnings Release Supplemental Data
SandRidge Value Prices Held Constant At: 3.87 per Mcf 5.79 per Mcf 6.94 per Mcf 57.65 / barrel (1) 79.34 / barrel (2) 92.24 / barrel (3) SandRidge average Nymex Bcfe Bcfe Bcfe reference price in 2009 with Beginning balance,…
Reserve Replacement History *489% R/P 695% R/P 784% R/P 787% R/P 955% R/P 427% R/P *December 31, 2009 NYMEX spot price of 5.79/mcf and 79.34/bbl held constant *As of December 31,2009 *Includes Permian…
Warwick Type Curve Performance SandRidge Energy Daily Production -- MCFE Average for Formation vs. Type Curve Warwick Type Curve Wells 100,000 90,000 8.4 bcfe wet gas 80,000 2.5 bcfe net *37% ROR 6.6 bcfe wet gas 70,000…
Pion Sweet Cab Area Sweet Warwick Cab Wells 7
Reserve Value Comparison 2.10 1.90 PV10 / MCFE (PROVED RESERVES) 1.70 1.50 1.30 SD Average 1.10 0.90 0.70 0.50 3.87/mcf 5.79/mcf 6.94/mcf SEC YE 09 57.65/bbl YE 79.34/bbl 09 (Dec 31 09) STRIP 10 year AVG 92.24/bbl…
Typical Oil versus Gas Well Oil Well .77 bcfe reserves 950 M Capex Gas Well .77 bcfe reserves 950 M Capex Capex is the same Reserves are similar Production profile is similar. Reserves are calculated with 6:1 while pricing forecast…