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Q3 2014 Operations Update – Sandridge Energy, Inc.

Sandridge Energy, Inc. · Nov 6, 2014 · 8 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. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 1
    Thursday, November 6, 2014 1
  2. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 2
    Q314 CONTINUED STRONG WELL RESULTS RESULTS Focus and Innovation Yield Exceptional Operating Results Operational Update Third quarter total company production 80 Mboe/d, 14% growth quarter-over- quarter Mid-Continent production grew…
  3. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 3
    2014 PRODUCTION GUIDANCE UPDATE GUIDANCE (A) 2013: 11.3 MMBoe of non-recurring production related to divested Permian and GoM assets (B) 2014: 1.3 MMBoe of non-recurring production related to divested GoM assets (2/25/2014…
  4. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 4
    2014 OPERATIONAL GUIDANCE UPDATE GUIDANCE Updating 2014 Guidance: Production Ranges Have Been Tightened to Account for Third Quarter Performance a) EBITDA from Oilfield Services and Other is a non-GAAP financial measure as it excludes…
  5. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 5
    2014 CAPEX GUIDANCE GUIDANCE ( in millions) DRILLING AND COMPLETION (D&C) Updated Previous Change Land & Seismic Budget Increased to Mid-Continent/Mississippian 1,040 1,040 Mid-Continent SWD Wells 60 60 Take Advantage of Acreage…
  6. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 6
    LIQUIDITY AND CAPITAL STRUCTURE FOCUSED 1.2 Billion Undrawn Borrowing Base Increased revolver from 775MM maturing in 2017 to 900MM credit facility maturing in 2019 1.2 Bln borrowing base 2 Bln maximum facility size Closed October 22,…
  7. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 7
    VALUABLE HEDGE POSITION Majority of Liquids Hedged 90 Through 2015 HEDGING Q4 2014: 92% of Liquids Volumes Hedged 2015: 10.2 MMBBls Liquids volumeS hedged 2016: 4.0 MMBBLS Liquids volumeS hedged 1.5 MMBbls 1.1 MMBbls 5.6 MMBBLS…
  8. Q3 2014 Operations Update – Sandridge Energy, Inc. – slide 8
    Our Mission at SandRidge is to create the premier, high-return, growth-oriented, resource conversion company, focused in the Midcontinent region of the United States. SANDRIDGE INVESTOR RELATIONS 123 Robert S. Kerr Avenue, Oklahoma…

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