SandRidge Energy Promotes David Lawler to COO Position and Provides Update on Initiatives

SandRidge Energy Promotes David Lawler to COO Position and Provides Update on

PR Newswire

OKLAHOMA CITY, April 8, 2013

OKLAHOMA CITY, April 8, 2013 /PRNewswire/ --SandRidge Energy, Inc. (NYSE: SD)
today announced that David C. Lawler has been appointed Chief Operating
Officer of the Company.


James D. Bennett, the Company's President and Chief Financial Officer,
commented, "Dave has been an invaluable member of the executive team over the
last two years. His leadership and rigorous focus on returns have been
critical to our success in the Mississippian play. His teams have secured
multiple competitive advantages in the region and positioned us as the lowest
cost developer and most efficient operator there. We look forward to his
continued leadership and contribution as our Chief Operating Officer."

Since the announcement on March 13 of the Company's settlement with TPG-Axon,
the Board and its committees have been actively engaged in a strategic review
of the Company, its operations and its governance practices. Those actions

  oStephen C. Beasley, Edward W. Moneypenny, Alan J. Weber and Dan A.
    Westbrook were appointed to the Board on March 14, 2013. Simultaneously,
    the Board appointed Mr. Beasley as chair of the Compensation Committee,
    Mr. Moneypenny to the Audit Committee and the newly formed Strategy and
    Planning Committee, Mr. Weber as chair of the Nominating and Governance
    Committee, and Mr. Westbrook to the Nominating and Governance Committee
    and as chair of the Strategy and Planning Committee.
  oThe Strategy and Planning Committee, consisting of Messrs. Westbrook,
    Moneypenny, Serota and Brewer, has met several times to review potential
    adjustments to the Company's planned capital and operating expenditures,
    including reductions in rig count and general and administrative
    expenses. Certain actions to reduce expenditures have already been taken,
    including the sale of Company planes and significantly reducing
    advertising and sponsorship expenditures. The committee expects its
    initial review to be concluded, and to make recommendations to the full
    Board, soon. The Strategy and Planning Committee is also evaluating a
    variety of options for addressing the Company's future capital needs and
    lessening any funding shortfall, including potential asset monetizations.
  oThe Audit Committee has engaged Mayer Brown LLP, an internationally
    recognized, independent law firm to review the shareholder allegations
    relating to transactions in oil and gas properties in the Mississippian
    play by Tom L. Ward, the Company's Chief Executive Officer, and entities
    affiliated with members of his family. The Audit Committee is targeting
    completion of that review by June 15, 2013.
  oThe Compensation Committee is currently assessing all aspects of
    SandRidge's compensation program withthe Company's management and its new
    independent compensation consultant, Frederick W. Cook & Co., Inc. Among
    other things being considered by the Compensation Committee is a
    transition toward an objective performance based compensation plan. The
    Compensation Committee expects this review to be completed in the coming

The Board of Directors is committed to pursuing these efforts in a thorough
and diligent manner.

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 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, Gulf
of Mexico, West Texas and Gulf Coast regions. SandRidge's internet address is


This communication may contain "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. 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, 2012, which was filed with the Securities
and Exchange Commission (the "SEC") on March 1, 2013, as may be updated from
time to time in the Company's SEC filings, which are available through the web
site maintained by the SEC at The Company's forward-looking
statements in this communication 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.


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.

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