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SandRidge Energy Inc | March 2022 Investor Presentation | Frank Miles | Page 3 of 11 | December 20, 2025

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3 • SandRidge is an experienced operator with: – Flat production over the trailing twelve months, with ~$11MM of invested capital (6) – Expanded 2022 capital program of high-return projects to further enhance production and arrest declines ? 9 new wells high-graded in core of NW Stack ? Continuation of well reactivation program – Low overhead, with G&A of $1.42 per Boe for FY21 (7) – No debt – ~$99MM of free cash flow in 2021 (8) and a growing net cash position – ~75% of wells can operate profitably at $40 WTI and $2.00 HH (9) – >10-year reserves-to-production ratio and ~35-year weighted average well life (10) – ~$1.7 billion of Net Operating Loss (“NOL”) carryforwards as of YE21, shields future free cash flow from federal income taxes – Prior investment in existing infrastructure (11) of over 1,000 miles of saltwater disposal (“SWD”) pipelines and 1,000 miles of electric power lines, contributing to low lease operating costs of $3.90 per Boe for FY21 (12) – Ongoing commitment to Environmental, Social, and Governance (“ESG”) SandRidge – Investment Highlights • SandRidge Energy’s SEC PD Reserve PV-10 is ~$433MM (1) with net cash of $140MM (2) $ Millions SEC Proved Developed Reserve PV-10 (1) ~$433 Proved Developed Reserve PV-10 at Mar. 2 Strip Prices (3) ~$546 Cash and cash equivalents (4) $140 Total Debt (5) $0