Investor Presentation 2025 SandRidge Energy, Inc. NYSE: SD
SandRidge Investment Highlights SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition, and production of oil and gas assets. Its primary area of operations is the Mid-Continent region in…
SandRidge Key Highlights & Go-Forward Strategy Over the past few years, the Board and Management have focused SDs assets, optimized its production profile, streamlined its cost structure, strengthened its balance sheet and maintained an…
2024 Review The Company was above or within range of 2024E production, capital expenditures, Lease Operating Expenditures (LOE), and Adjusted General and Administrative (G&A)(5) guidance(11) Production (MBoe/d) Capex (MM) 16.5 3%…
Midcon Asset Position Long-lived, resilient assets with single-digit average annual PDP decline over the next 10 years 10-year reserves-to-production ratio and 30-year weighted average well life(1) 96% of position is held by production…
Cherokee Development Upside Modern Well Averages(15) Inventory & Development Plans Completed 3 DUCs in 2024(16) of Wells in IP30 Oil IP30 Lateral Proppant Average (Boe/d) (Bbl/d) Length (ft) Loading (lb/ft) Operated development…
Midcon Operating Cost Structure The Company has maintained a low-cost structure over the last several years, while actively pressing on costs and combating inflationary pressures Results pro forma Cherokee acquisition are favorable and…
Streamlined G&A The Company has maintained a tight cost structure, with a low G&A burden, which compare favorably relative to peers Total G&A(22) 150 8.00 6.50 SD Adj. G&A / Boe (/Boe) 6.00 SD Total G&A (MM) 5.10 100…
Low-Cost Operator SandRidge delivers the lowest cash operating costs per Boe in its peer group, and one of the few with no debt and zero debt expense Commitment to safely driving operational efficiencies has mitigated higher per Boe…
2025E Guidance 2025E Guidance Production Oil (MMBbls) 1.0 1.4 Natural Gas Liquids (MMBbls) 2.0 2.3 Total Liquids (MMBbls) 3.0 3.7 Natural Gas (Bcf) 17.5 20.5 Total Production (MMBoe) 5.9 7.1 Total Capital Expenditures…
Environmental, Social, & Governance (ESG) The Company maintains its Environmental, Social, and Governance (ESG) commitment Achieved over 3 years without any recordable safety incidents Uphold ESG Commitment ESG Achievements and…
APPENDIX SandRidge Energy, Inc. NYSE: SD
Adjusted EBITDA, Free Cash Flow, and Adjusted G&A Reconciliation of Net Income to Adjusted EBITDA Year Ended December 31, 2024 (In thousands) Net income 62,986 Adjusted for Income tax (benefit) (22,232) Interest expense(25) 130…
Endnotes 1) Reserves-to-production ratio calculated using YE24 SEC net reserves (see endnote 8) at 75 WTI and 3.50 HH pricing, divided by production for the period January 1, forward-looking through December 31, 2024. Weighted average…
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