The Reset SandRidge Key Highlights Over the past few years, the Board and Management have focused SDs assets, optimized its production profile, streamlined its organization and cost structure, strengthened its balance sheet and enhanced…
The Reset SandRidge Go-Forward Strategy The Companys primary strategic focus is to grow the cash value and generation capability of its asset base to accelerate shareholder value realization in a safe, responsible and efficient…
Long-Lived, Low-Decline, Diversified Midcon Asset Position Expansive well position across northern OK and southern KS Predominantly Miss Lime and NW STACK Long-lived with a more-than 9 year average reserve life(1) Shallowing declines…
Owned and Operated, Integrated Water and Power Infrastructure Across Acreage Footprint The Company believes that its owned and operated SWD and EDS systems provide a field cost and strategic advantage relative to abutting operators…
Sustained and Leading Commitment to Safety Due to deliberate Board and Management focus on safety, SD is approaching three years without a TRIR Streak currently at 33 months with last TRIR in Aug. 2018 Total Recordable Incident Rate…
Lowered Operating Cost Structure The Company has lowered its absolute LOE by more than 70% and its LOE per Boe by more than 40% since 2016 Overview LOE(3) Reduced annual absolute LOE by LOE Expense Workover LOE/Boe 70% from 2016 to…
. Improving NGL and Gas Realizations Due to recent commodity price tailwinds as well as more active management of marketing contracts and other actions, the Company has achieved 1Q21 Gas and NGL realizations 52% and 79% higher,…
Production Optimization The Company has implemented a disciplined program of small ball work over and other projects to shallow its PDP decline profile With a strengthened balance sheet and liquidity profile as well as seemingly firming…
Acquisition Approach Since 2018, the Company has implemented a more disciplined, lower risk, PDP focused acquisition approach (1) (1) Acquisition Date Capital PV Payback Rationale Midcon Assets from Enduring Nov. 2018 25.1MM PV-25…
Transition from What If to What Is Organization Starting in 2018, the Board and Management initiated meaningful personnel reductions to right size the organization to better align with the asset base and activity levels as well as to…
Streamlined G&A The Company has lowered its absolute and per Boe G&A by more than 60% since 2018 Annual G&A (Absolute and per Boe) & 1Q21 (per Boe) G&A / BOE Recent Quarter Peer Comparison(1)(2) 4.4/BOE (1) Peers include…
Proved Developed Reserve Value The Company believes its PD reserves PV-10 value is approximately 233MM using the current strip(1) The Company believes its PD PV-10 value has the following approximate price sensitivities(2): 5 per…
1Q21 Performance In Context of Guidance SDs 1Q21 actual production, adj. G&A and gas and NGL realizations compared favorably to a quarterly average of the midpoint of the Companys annual guidance 2021E Guidance (2) 1Q21 (Unaudited)…
Loading...
