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As of 2:00 AM 01/18/16 All times are local (Market data is delayed by at least 15 minutes).
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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. As of December 31, 2014, the company had 4,486 gross (3,381.2 net) producing wells, a substantial portion of which it operates, and approximately 2,176,000 gross (1,558,000 net) total acres under lease. Segments The company operates in three business segments, including 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: As of December 31, 2014, the company held interests in approximately 2,078,000 gross (1,487,000 net) leasehold acres primarily in Oklahoma and Kansas. Associated proved reserves totaled 454.4 million barrels of oil equivalent (MMBoe). The company’s interests in the Mid-Continent included 2,437 gross (1,384.5 net) producing wells with an average working interest of 57%. The company drilled a total of 439 horizontal wells, 3 vertical wells, and 40 saltwater disposal wells in this area during 2014. Mississippian Formation: As of December 31, 2014, the company had approximately 1,988,000 gross (1,432,000 net) acres under lease in the Mississippian formation, of which approximately 48,000 gross (38,000 net) acres were included in SandRidge Mississippian Trust II (the Mississippian Trust II) area of mutual interest. As of December 31, 2014, the company drilled approximately 1,545 wells in this formation. Other Formations: In 2014, the company drilled 35 wells in the Chester formation and 8 wells in the Woodford formation to determine commerciality and initiate development of these productive formations. Of the wells the company drilled in the Chester formation during 2014, two wells are subject to the royalty interests of the Mississippian Trust II. Gathering and Disposal and Electrical Systems: The saltwater gathering and disposal system, which included approximately 190 active wells and approximately 1,050 miles of gathering lines at December 31, 2014. The system has an injection capacity of approximately 2.8 million barrels of water per day. As of December 31, 2014, the company’s electrical infrastructure consisted of approximately 1,000 miles of power lines and six substations. West Texas: The company’s west Texas oil and natural gas properties include properties in the West Texas Overthrust (WTO). The WTO is an area located in Pecos and Terrell Counties in west Texas and is associated with the Marathon-Ouachita fold and thrust belt that extends east-northeast across the United States into the Appalachian Mountain Region. As of December, 31, 2014, the company held interests in approximately 98,000 gross (71,000 net) leasehold acres in west Texas. Associated proved reserves were 61.5 MMBoe. The company’s interests in west Texas included 2,049 gross (1,996.7 net) producing wells with an average working interest of 97%. The company drilled 187 wells in this area during 2014. Marketing and Customers: The company sells oil, natural gas and natural gas liquids to various customers, including utilities, oil and natural gas companies and trading and energy marketing companies. Drilling and Oil Field Services This segment’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, 2014, the company’s drilling rig fleet consisted of 25 operational rigs with 10 of these rigs working on company-owned properties in the Mid-Continent. Additionally, the company’s oil field services business provides pulling units, trucking, rental tools, location and road construction and roustabout services that, together with its drilling services, complement its exploration and production business. Customers: During 2014, the company performed approximately 61% of its drilling and oil field services

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