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SandRidge Energy Inc
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March 2025 Investor Presentation
| Frank Miles | Page 3 of 11 |
December 20, 2025
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"March 2025 Investor Presentation"
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3 Planned Development Drives Oil Value Increase Ticker NYSE: SD Market Capitalization (3) $466MM Liquidity (4) $100MM Total Debt (4) $0MM 2024 Revenue $125MM 2024 Adjusted EBITDA (5) $69MM Net Acres (% HBP) (6)(7) 372K (96%) YE24 Total Proved Reserves (8) 63.1 MMBOE Q4 2024 Net Daily Production 19.1 MBoe/d SandRidge – Investment Highlights • SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition, and production of oil and gas assets. Its primary area of operations is the Mid-Continent region in Texas, Oklahoma, and Kansas • Stable, low-decline production base with estimated single-digit annual Proved Developed Producing (“PDP”) decline over the next 10 years • >30-year weighted average well life and ~10-year reserves-to-production ratio (1) • Majority of wells can operate profitably at $40 WTI and $2.00 HH (2) Revenue Mix Areas of Operations 54% / 18% / 28% Oil / Gas / NGL FY 2024 Oil Gas NGL Key Metrics 60% / 13% / 27% Oil / Gas / NGL YE24 Proved Reserves Gas NGL Oil