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Company Description

Contact Info

123 Robert S. Kerr Avenue

Oklahoma City, OK 73102

United States

Phone: 405-429-5500

Fax: 405-429-5977

SandRidge Energy, Inc., an oil and natural gas company, focuses on exploration and production activities in the Mid-Continent region of the United States. The company owns and operates additional interests in west Texas. The company also operates businesses and infrastructure systems that are complementary to its primary exploration and production activities, including gas gathering and processing facilities, marketing operations, a saltwater disposal system, an electrical transmission system, and a drilling rig and related oil field services business. As of December 31, 2013, the company’s drilling rig fleet consisted of 27 operational rigs. Total estimated proved reserves were 433.4 million barrels of oil equivalent, of which approximately 64% were proved developed. Segments The company operates in three business segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services. EXPLORATION AND PRODUCTION This segment explores for, develops and produces oil and natural gas, with a primary focus on increasing its reserves and production in the Mid-Continent. Properties Mid-Continent The company held interests in approximately 2,621,000 gross (1,849,000 net) leasehold acres primarily in Oklahoma and Kansas as of December 31, 2013. The company’s interests in the Mid-Continent included 1,858 gross (1,038.5 net) producing wells with an average working interest of 56%. The company had 30 rigs operating in the Mid-Continent, of which 26 were drilling horizontal wells, 3 were drilling vertical wells, and 1 was drilling a saltwater disposal well. The company drilled a total of 434 horizontal wells, 49 vertical wells, and 28 saltwater disposal wells in this area during 2013. Mississippian Formation: As of December 31, 2013, the company had approximately 2,535,000 gross (1,805,000 net) acres under lease in the Mississippian formation, of which approximately 58,000 gross (46,000 net) acres were included in the Mississippian Trust II area of mutual interest. The company has drilled approximately 1,060 wells in this formation. Marketing and Customers The company sells oil, natural gas and NGLs to various customers, including utilities, oil and natural gas companies and trading and energy marketing companies. DRILLING AND OIL FIELD SERVICES This segment provides drilling and related oil field services to its exploration and production business and to third parties. Drilling Operations The company drills for its own account in northwestern Oklahoma, Kansas and west Texas through its drilling and oil field services subsidiary. In addition, the company drills wells for other oil and natural gas companies, primarily in west Texas. The company’s rig fleet is designed to drill in its specific areas of operation and has an average of approximately 800 horsepower and an average depth capacity of approximately 10,500 feet. As of December 31, 2013, the company’s drilling rig fleet consisted of 27 operational rigs with 11 of these rigs working on company-owned properties in the Mid-Continent and west Texas. Oil Field Services The company’s oil field services business conducts operations that, together with its drilling services, complement its exploration and production business. Oil field services include providing pulling units, trucking, rental tools, location and road construction and roustabout services to the company, as well as to third parties. MIDSTREAM SERVICES This segment primarily provides gathering, compression and treating services of natural gas in west Texas and coordinates the delivery of electricity to the company’s exploration and production operations in the Mississippian formation. The company’s midstream operations and assets serve its exploration and production business, as well as other oil and natural gas companies. Marketing The company, through Integra Energy, L.L.C., a wholly owned subsidiary, buys and sells natural gas from wells it operates and wells operated by third parties within its west Texas operations. The company has 75,000 million British thermal units (MMBtu) per day of firm transportation service subscribed on t

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