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Q2 2015 Earnings Call – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Aug 6, 2015 · 11 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. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 1
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  2. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 2
    Q2 2015 RESULTS, GUIDANCE AND LIQUIDITY UPDATE STRONG EBITDA AND PRODUCTION 161MM of adjusted EBITDA; adjusted loss of 0.03 per diluted share Total Company production of 89.0 MBoepd, up 27% vs Q214 Mid-Continent production of 79.3…
  3. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 3
    LIQUIDITY AND BALANCE SHEET FLEXIBILITY Expanded Liquidity, No Near Term Maturities Second quarter liquidity of 1.5B 984MM of cash as of June 30th Borrowing base of 500MM Issuance of 1.25B second lien notes Amended senior credit…
  4. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 4
    WELL PERFORMANCE CONSISTENTLY ABOVE TYPE CURVE SandRidgeEnergy.com 5 5
  5. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 5
    COST SAVINGS EVIDENT IN CYCLE TIME Drilling Efficiencies Driving 18% Spud to Rig Release Cycle Time Reduction Quarter Over Quarter SandRidgeEnergy.com 6 6
  6. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 6
    NOW TARGETING 2.3MM PER MISSISSIPPIAN LATERAL Achieved 600K Savings Goal; New Target Saves 700K per Lateral REALIZED SAVINGS: 290K - EFFICIENCY GAINS Rig efficiency & cycle time improvement Location highgrading Logistics Commingled…
  7. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 7
    40% MULTILATERALS IN 2015 DRILLING PLAN 99% of 90-Day Type Curve Production for 79% of the Current Total Program Cost FULL SECTION DEVELOPMENT (FSD) ACTIVITY AND SUCCESS THROUGH Q215 Only multilateral operator in the Mid-Continent…
  8. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 8
    2015 TOTAL COMPANY PRODUCTION GUIDANCE Raising 2015 Production Guidance by 500 MBoe at the Midpoint (a) (a) Note: Totals may not foot due to rounding (a) Pro forma for GOM divestiture SandRidgeEnergy.com 9 9
  9. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 9
    2015 MID-CONTINENT PRODUCTION GUIDANCE Introducing Standalone Guidance for Mid-Continent Operations SandRidgeEnergy.com 10 10
  10. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 10
    UPDATED 2015 OPERATIONAL GUIDANCE TOTAL COMPANY MID-CONTINENT PRODUCTION OTHER Oil (MMBbls) 9.3 10.0 7.9 8.6 Natural Gas Liquids (MMBbls) 4.6 5.0 4.5 4.9 EBITDA from Oilfield Services and Other (MM) 10 Total Liquids (MMBbls) 13.9 15.0…
  11. Q2 2015 Earnings Call – Sandridge Energy, Inc. – slide 11
    2015 CAPITAL EXPENDITURES GUIDANCE CAPEX GUIDANCE MILLIONS CAPEX GUIDANCE DETAIL MILLIONS Exploration and Production 612 Development D&C 306 Land and Geophysical 38 Appraisal & New Ventures D&C 29 Carryover 102 Total Exploration and…

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