SandRidge Energy, Inc. Adopts Stockholder Rights Plan and Amends Bylaws

   SandRidge Energy, Inc. Adopts Stockholder Rights Plan and Amends Bylaws

PR Newswire

OKLAHOMA CITY, Nov. 19, 2012

OKLAHOMA CITY, Nov. 19, 2012 /PRNewswire/ -- SandRidge Energy, Inc. (the
"Company" or "SandRidge") (NYSE: SD) today announced that its board of
directors (the "Board") has unanimously adopted a stockholder rights plan (the
"Rights Plan") and declared a dividend of one right on each outstanding share
of SandRidge's common stock.

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

The Rights Plan is designed to assure that all of SandRidge's stockholders
receive fair and equal treatment in the event of any proposed takeover of the
Company, to guard against tactics to gain control of SandRidge without paying
all stockholders a premium for that control, and to enable all of SandRidge's
stockholders to realize the long-term value of their investment in the
Company. The Rights Plan is not intended to interfere with any merger or
other business combination approved by the Board.

The Company said, "Today's actions are designed to protect the interests of
all of our stockholders. The Board and management look forward to continuing
to engage in constructive dialogue with stockholders regarding our plans for
the business and remain committed to improving performance and enhancing
stockholder value."

Pursuant to the Rights Plan, SandRidge will make a distribution of one
preferred share purchase right for each outstanding share of common stock of
the Company to stockholders of record on November 29, 2012. Initially, these
rights will not be exercisable and will trade with the shares of SandRidge's
common stock. Unless earlier redeemed or exchanged, the rights will expire at
the close of business on November 19, 2013.

Under the Rights Plan, the rights generally will become exercisable only if a
person or group acquires beneficial ownership of 10 percent (or 15 percent in
the case of certain institutional investors who report their holdings on
Schedule 13G, as described in the Rights Plan) or more of SandRidge's common
stock. In that situation, each holder of a right (other than the acquiring
person, whose rights will become null and void) will be entitled to purchase,
at the then-current exercise price, additional shares of common stock having a
value of twice the exercise price of the right. In addition, unless the
rights are earlier redeemed or exchanged, if at any time after a person has
become an acquiring person, the Company merges or effects certain other
transactions, each right will entitle its holder (other than the acquiring
person) to purchase, at the then-current exercise price, shares of the
acquiring company's stock, having a value of twice the exercise price of the
right.

The Company will be entitled to redeem the rights at $0.001 per right at any
time prior to such time any person becomes an acquiring person.

The Company also today announced that its Board has unanimously adopted
certain amendments to the Company's Bylaws, including an amendment to provide
that the affirmative vote of the holders of a majority of the voting power of
the outstanding shares shall be required for stockholders to amend certain
sections of the Bylaws, including those relating to the classification of
directors, the number of directors and the filling of vacancies on the Board
and newly-created directorships.

Details about the Rights Plan and the Bylaw amendments will be contained in a
Form 8-K to be filed by SandRidge with the U.S. Securities and Exchange
Commission (the "SEC"). Additional details regarding the Rights Plan will
also be outlined in a summary to be mailed to all stockholders of record at
the close of business on November 29, 2012.

About SandRidge

SandRidge Energy, Inc. is an oil and natural gas company headquartered in
Oklahoma City, Oklahoma with its principal focus on exploration and
production. SandRidge and its subsidiaries also own and operate gas gathering
and processing facilities and CO[2] treating 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 of Mexico,
West Texas Overthrust and Gulf Coast. SandRidge's internet address is
www.sandridgeenergy.com.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve risks and uncertainties that may individually or mutually
impact the matters herein described for a variety of reasons that are outside
the control of the Company, including, but not limited to, whether the Rights
Plan will have its intended effects. Actual results could differ materially
from those discussed above. Important factors that could affect performance
and cause results to differ materially from management's expectations are
described in the sections entitled "Risk Factors" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations" in the Annual
Report on Form 10-K for the year ended December 31, 2011, which was filed with
the SEC on February 27, 2012, as updated on its Quarterly Reports on Form 10-Q
for the first three fiscal quarters of the fiscal year ending December 31,
2012, filed on May 7, 2012, August 6, 2012 and November 9, 2012, respectively,
and as may be further updated from time to time in the Company's SEC filings,
which are available through the web site maintained by the SEC at www.sec.gov.
The Company's forward-looking statements in this press release are based on
management's current views and assumptions regarding future events and speak
only as of their dates. The Company undertakes no obligation to publicly
update or revise any forward looking statements, whether as a result of new
information, future events or otherwise, except as required by the federal
securities laws.

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
 
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