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SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Jan 7, 2014 · 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. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 1
    Sale of Gulf of Mexico Business and Enhanced Mid-Continent Growth Strategy January 7, 2014
  2. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 2
    Divestiture Overview SandRidge Announces Enhanced Mid-Continent Strategy & Sale of its Gulf of Mexico Properties Divesting Gulf of Mexico / Gulf Coast properties for 750MM of cash proceeds, and elimination of 370MM in abandonment…
  3. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 3
    Divestiture Overview (cont.) Updating 2014 Guidance SandRidge will add three additional rigs to the Mid-Continent region during the second quarter of 2014 - Additional rigs are expected to result in 30 additional gross wells as…
  4. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 4
    SandRidge Redefined Strategy Mission: To create the premier high-return, growth oriented, resource conversion company focused in the Mid-Continent region of the United States Competitive advantages position SandRidge to deliver…
  5. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 5
    Production Guidance 2014 Guidance Pro Forma Guidance by Region 35 33.6 30 28.3 29.3 30 Divested Divested Assets(a) Assets(b) 2.6 25 25 MMBoe 20 2.5 26% Pro Forma 15 Growth 22.4 28.3 22.4 10 3.3 20 5 0 2.2 2013…
  6. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 6
    Mid-Con / Mississippian Production Guidance Mid-Con / Mississippian Production Guidance 2013 & 2014 Mid-Con / Mississippian Rig Count 35 63.5 30 29 29 60 27 25 23 23 22 Miss Rig Count 20 50 29.4 15 46.2 10 37%…
  7. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 7
    2013 & 2014 Guidance 2013 2014(a) 2013 2014(a) Production Price Realizations Oil (MMBbls) 14.2 11.9 Natural Gas Liquids (MMBbls) 2.2 3.6 Oil (differential below WTI) 0.50 2.50 Total Liquids (MMBbls) 16.5 15.5 NGLs (realized % of…
  8. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 8
    2013 & 2014 Capex Guidance in millions 2013 2014 2013 2014 Well Counts Drilling and Completion Gross Net Gross Net Mid-Con / Mississippian 1,030 1,040 Mid-Con / Mississippian Focus Area 435 308 460 331 Mid-Con SWD Wells 55 60…
  9. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 9
    Credit Profile Leverage(a) 2.4B Pro Forma liquidity at quarter 5.0x 4.6x end 4.3x - 1.65B Pro Forma cash 4.0x 3.4x - Fully undrawn credit facility of 2.9x 775MM 3.0x 2.7x 2.4x 2.4x 2.0x Anticipate no change to 775MM 1.0x…
  10. SALE OF GULF OF MEXICO BUSINESS AND ENHANCED MID CONTINENT GROWTH STRATEGY – Sandridge Energy, Inc. – slide 10
    Contact: Duane M. Grubert, EVP Investor Relations and Strategy Address: 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102 Phone: 405-429-5515 Email: InvestorsSandRidgeEnergy.com Website: www.SandRidgeEnergy.com

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