SandRidge Energy, Inc. · NYSE:SD
SandRidge Energy — Howard Weil Energy Conference 2017
13 slides from SandRidge Energy's conference presentation, March 2017
Slide 1: March 2017
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Slide 2: Cautionary Statements
Cautionary Statements Forward Looking Statement This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements express a belief, expectation or i
Slide 3: SandRidge Energy
SandRidge Energy With a strong balance sheet, we have built a portfolio of three project areas with competitive project IRRs and significant location inventories. Investment will continue the high-graded harvest of our Mississippian position, and development of both our NW STACK and North Park Niobr
Slide 4: SandRidge Energy Overview
SandRidge Energy Overview Fy WH Unlevered oil producer focused on resource value creation KEY INFORMATION Market Equity Value as of Mar 20, 2017 ¢ Niobrara Resource Play 35.9 MM common shares $638 Million Increases Oil Value Primary Assets 2P Locations’ Net Acres Mississippian ~300 400k NORTH PARK A
Slide 5: STACK Activity Moving Northwest
STACK Activity Moving Northwest _ Increasing activity supports enthusiasm around Major, Woodward, and Garfield Co. NW STACK D D O D = ih Ayn A ee. oes Industry activity has been converging ; Wn ‘ : aie £ on existing SD acreage with prominent y YU oe oe ule operators seeing encouraging results: te -
Slide 6: Meramec
MERAMEC Campbell 1H-22 24HR IP: 665 Boepd (87% Oil) Gp) Charlene 1-29H Boepd (54% Oil) Hoskins 5-19-12 1H 15D IP: 1,154 Boepd (63% Oil) SD Medill 1-27H 30D IP: 925 Boepd (77% Cil) Russell 17-19-17 1H 30D IP: 1,094 Boepd (52% Oil) Schoeppel 1 21H 30D IP: 977 Boepd (50% Oil) Walters 13-1H 24HR IP: 406
Slide 7: NW STACK Acquisition
NW STACK Acquisition _ Acquisition increases our CONTIGU WOODWARD NW STACK position to 60k net acres OUS ~13.1K NET ACRES FOR $48MM CASH * Complements surrounding SD NW STACK acreage + Stacked pay of Meramec and Osage + Adds locations with competitive IRRs at strip + ~700 Boepd of production + 88% o
Slide 8: High-Grade + Innovation = Value Creation
High-Grade + Innovation = Value Creation 2016 Mississippian program: 13 laterals, 51% IRR' $1.7MM Avg D&C per DETTLE 1-29 20H _RICHEY 1-21H Lateral 100% Multi and XRL * 1,099 Boepd (60% oil) * 688 Boepd (66% oil) $1.7MM D&C per lateral © $1.7MM D&C per lateral * Multilateral full section development
Slide 9: Durable Improvement in Mississippian Economics
Durable Improvement in Mississippian Economics ~—~“y Multis and XRLs support continued harvest of remaining high-graded inventory D&C CAPEX, $MM PER LATERAL 90-DAY CUMULATIVE MBOE PER LATERAL 43% Lower costs per lateral vs. 2014 Results shown by groups of 25 wells $3.0 100% 35.0 2 30.0 80% § = 25.0
Slide 10: 1,300 2P Locations, 132k Net Acres
• • • • • • 1,300 2P Locations • 132k Net acres
Slide 11: SandRidge Niobrara Shale Advancements
SandRidge Niobrara Shale Advancements — Lowered costs, optimized completions, drilled an XRL, confirmed stacked pay Improved drilling and completion designs + Eliminated intermediate casing ego 0B d (89% \> 7— 62B 89% * Oil based mud utilized for improved drilling times and oer ° a ° hole stability
Slide 12: North Park Laterals Outperforming Oil Type Curve
North Park Laterals Outperforming Oil Type Curve FY _ Average oil rate of all 11 laterals drilled by SandRidge in 2016 11 SD Laterals in 2016: * Average free flowing period of two to three months 1,000 20 + Earlier installation of artificial lift in future to optimize production + All laterals curre
Slide 13: $763MM of Proven PV-10 at Strip
$763MM OF PROVEN PV-10 AT STRIP1 STRONG LIQUIDITY • • • Zero Net Debt 0.0x net leverage
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