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SandRidge Energy Announces Exchange Offers for its 8 1/8% Senior Notes due 2022, its 7.5% Senior Notes due 2021 and its 7.5%

  SandRidge Energy Announces Exchange Offers for its 8 1/8% Senior Notes due
   2022, its 7.5% Senior Notes due 2021 and its 7.5% Senior Notes due 2023

PR Newswire

OKLAHOMA CITY, Oct. 11, 2012

OKLAHOMA CITY, Oct. 11, 2012 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD)
today announced the commencement of offers to exchange (1) its outstanding 8⅛%
Senior Notes due 2022 that were issued on April 17, 2012 (the "Old 2022
Notes") for new 8⅛% Senior Notes due 2022 (the "New 2022 Notes") that are
registered under the Securities Act of 1933, as amended (the "Securities
Act"); (2) its outstanding 7.5% Senior Notes due 2021 that were issued on
August 20, 2012 (the "Old 2021 Notes") for new 7.5% Senior Notes due 2021 that
are registered under the Securities Act (the "New 2021 Notes"); and (3) its
outstanding 7.5% Senior Notes due 2023 that were issued on August 20, 2012
(the "Old 2023 Notes" and, collectively with the Old 2022 Notes and the Old
2021 Notes, the "Old Notes") for new 7.5% Senior Notes due 2023 that are
registered under the Securities Act (the "New 2023 Notes" and, collectively
with the New 2022 Notes and the New 2021 Notes, the "New Notes"). The Old
Notes were issued in private placements exempt from the registration
provisions of the Securities Act pursuant to Rule 144A and Regulation S under
the Securities Act.

(Logo: http://photos.prnewswire.com/prnh/20120416/DA88110LOGO)

Terms of the New Notes will be identical in all respects to the corresponding
series of Old Notes, except that the transfer restrictions applicable to the
Old Notes will not apply to the New Notes and, except in limited
circumstances, the New Notes will not have rights to additional interest or
registration rights. The Old Notes are subject, and any untendered Old Notes
will remain subject, to transfer restrictions that, in general, prohibit
holders from offering or selling the Old Notes unless the offer and sale are
registered under the Securities Act or are exempt from registration under the
Securities Act.

Each exchange offer will expire at 5:00 p.m., Eastern time, on November 8,
2012, unless extended by SandRidge. Tenders of Old Notes must be made before
the applicable exchange offer expires and may be withdrawn at any time before
expiration of the applicable exchange offer.

Completion of the exchange offer for the New 2022 Notes is subject to certain
conditions described in the prospectus dated October 11, 2012, including the
continued effectiveness of the Registration Statement on Form S-4 (File No.
333-184171) relating to the exchange offer, which has been declared effective
by the Securities and Exchange Commission. Completion of the exchange offers
for the New 2021 Notes and the New 2023 Notes is subject to certain conditions
described in the prospectus dated October 11, 2012, including the continued
effectiveness of the Registration Statement on Form S-4 (File No. 333-184172)
relating to such exchange offers, which has been declared effective by the
Securities and Exchange Commission.

SandRidge Energy has retained Wells Fargo Bank, National Association, to act
as exchange agent for each exchange offer. Requests for copies of the
applicable prospectus and related letter of transmittal, as well as any
questions concerning the exchange offers, should be directed to Wells Fargo
Bank, NA, Corporate Trust Operations, MAC N9303-121, Sixth & Marquette Avenue,
Minneapolis, MN 55479, attn: Corporate Trust Operations, telephone
800-344-5128, facsimile 612-667-6282.

This press release is neither an offer to sell nor a solicitation of an offer
to buy securities and no recommendation is made as to whether or not holders
of Old Notes should exchange them. Each exchange offer is made only by the
applicable prospectus and related letter of transmittal, copies of which are
being provided to the holders of the applicable series of Old Notes.

Forward-Looking Statements

Except for historical information contained herein, the statements in this
release are forward-looking. Forward-looking statements are based on
assumptions and beliefs that we believe to be reasonable; however, assumed
facts almost always vary from actual results and the differences between
assumed facts and actual results can be material depending upon the
circumstances. Our forward-looking statements, whether written or oral, are
expressly qualified by these cautionary statements and any other cautionary
statements that may accompany those statements. The forward-looking statements
involve risks and uncertainties that affect our operations, financial
performance, and other factors as discussed in our filings with theSecurities
and Exchange Commission. Among the factors that could cause results to differ
materially are those risks and other disclosures made in the Registration
Statements on Form S-4 under the heading "Risk Factors" and in other filings
we make with the SEC. In addition, we undertake no obligation to update or
revise any forward-looking statements to reflect events or circumstances
occurring after the date of this Statement.

About SandRidge Energy

SandRidge Energy, Inc.is an oil and natural gas company headquartered
inOklahoma City, Oklahomawith its principal focus on exploration and
production. SandRidge and its subsidiaries also own and operate gas gathering
and processing facilities and CO2treating and transportation facilities and
conduct marketing operations. In addition,Lariat Services, Inc., a
wholly-owned subsidiary of SandRidge, owns and operates a drilling rig and
related oil field services business. SandRidge focuses its exploration and
production activities in the Mid-Continent,Permian Basin,Gulf ofMexico,
West Texas Overthrust andGulf Coast. SandRidge's internet address
iswww.sandridgeenergy.com.

CONTACT: Kevin R. White Senior Vice President SandRidge Energy, Inc. 123
Robert S. Kerr Avenue Oklahoma City, OK 73102 +1 (405) 429-5515

SOURCE SandRidge Energy, Inc.

Website: http://www.sandridgeenergy.com