SandRidge: Low Cost Mississippian Developer D&C Cost Progression 4.0 3.6 3.5 3.4 Decreased drilling and completion costs by 3.1 3.0 500M/well (14%) from 1Q12 to 4Q12 MM 2.0 1.0 Targeting gross well costs below 3.0MM 68 91…
SandRidge: Low Cost Mississippian Operator Trucked Water Progression Percent of Wells on Generator 9% 40% 8.1% 8% 35% 35% Proactively managing infrastructure needs % of Produced Water Trucked 7% 30% and capitalizing on scale…
Mississippian Type Curve Comparison YE 2012(a) vs. November Guidance Forecast November YE 2012 YE 2012 w/ Atlas Guidance Contract Year 1 delta = +4% Boe Oil (MBbls) 152 107 107 Year 3 delta = -1% Boe NGLs (MBbls) 60 Year 5 delta =…
Mississippian Generates Robust Economics Nov'12 Guidance YE 2012 Capex (MM) ROR (%) ROR (%) 3.0 61% 55% 3.1 57% 50% 90% of ROR realized at 5 Years 3.2 53% 47% 50 MBo Nov12 Guidance: 57% ROR YE 2012: 50% ROR Nov12 Boe…
(a) Performance Comparison of 77 ESP Wells to YE 2012 Type YE 2012 With ESP(a) ESP Acceleration Case with Equal Reserves Capex (MM) ROR (%) PV-10 (MM) ROR (%) PV-10 (MM) 70% increase in ROR 3.0 55% 2.9 95% 3.3 15% increase in PV-10…
Mississippian Production Guidance: 72% Growth in 2013 Production Growth 50 Production from the Mississippian has 47.7 Average Quarterly Volumes increased over 18x since 3Q10 70 45 Average Quarterly Rig Counts 40 60 131% annual…
Contact: Kevin R. White, SVP Business Development Address: 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102 Phone: 405-429-5515 Email: kwhiteSandRidgeEnergy.com Website: www.SandRidgeEnergy.com