SandRidge Energy, Inc. (fka SDOCQ)

[DocLevi]

As previously announced, the Company acquired the Piñon gathering system, in connection with its West Texas Overthrust properties. Acquisition of this asset eliminates ~$40 million of annual expenses, beginning in November 2015.

Anyone listened to conference call yet? They've got expansion going on, not a sign of someone in bankruptcy trouble... interesting...

With this acquisition, SandRidge will have a material, derisked Niobrara Shale position in the North Park Basin, Jackson County, Colorado. The Niobrara Shale is characterized by numerous stacked pay reservoirs, proven production history, long-lived reserves and repeatable drilling results. The acquired acreage is largely concentrated in rural north central Colorado and ideal for pad drilling and efficient infrastructure installation.
•Large, concentrated acreage position in Niobrara Shale play that has similar geologic characteristics to the DJ Basin Niobrara with five stacked benches at depths of 5,500 to 9,000 feet, reservoir thickness over 450 feet, oil in place greater than 55 MMBo per section and overpressured reservoir above 0.55 psi per foot
•More than 10 years of identified drilling inventory in the D Bench of the Niobrara Shale
•Significant upside from additional horizons; Niobrara Shale C Bench with proven production on this acreage
•EUR per well of 311 MBoe generates 32% IRRs at recent strip pricing with well costs targeted below $4 million
•Estimated 27 MMBoe proved reserves (82% oil) at projected year end 2015 SEC prices
•1.0 MBoepd of current production from 16 horizontal wells
•Initial one rig development program beginning in January 2016, increasing to two rigs in mid-2016; 13 drilling permits already approved
•Development acreage delineated by EOG Resources and EE3; last 6 wells average 30-day IP rate of 577 Boepd
•3D seismic coverage on 54 square miles
•100% operated with high working interest and average royalty burden less than 17%
•Approximately 47% of the 136,000 acres held by production and by two Federal units

SandRidge President and CEO, James Bennett, commented, "Our rightsized and derisked acquisition of assets in the North Park Basin deliberately matches our expertise with a clear line of sight to over 1,300 high return drilling locations. Expanding into a proven high quality repeatable oil play leverages our core competencies in medium depth horizontal drilling, unconventional development, infrastructure, and cost reduction. Significant upsides include additional zones beyond the proven Niobrara D bench, deploying our Mid-Continent multilateral, extended lateral designs and improved completion designs. We will be mobilizing to spud our first well in January."

Mr. Bennett further said, "We anticipate improved corporate capital efficiency by concurrently developing our strong Mid-Continent and newly acquired Niobrara resource base. This valuable acquisition, which long term has the potential to add half or more to our current reserves base, represents judicious use of our liquidity."

Additional detail and related exhibits about this transaction are available via SandRidge's website, http://www.sandridgeenergy.com/ , under Investor Relations/Presentations & Events.

Management discussion of this transaction will be included in the previously scheduled 2015 third quarter financial results conference call which will be held on Thursday, November 5, 2015 at 8:00 am CT.

The telephone number to access the conference call from within the U.S. is [phone] and from outside the U.S. is [phone]. The passcode for the call is 43465872. An audio replay of the call will be available from November 5, 2015 until 11:59 pm CT on December 5, 2015. The number to access the conference call replay from within the U.S. is [phone] and from outside the U.S. is [phone]. The passcode for the replay is 43465872.