Investor Presentaiton

17 Production Rate, Boed • NW Stack Overview Maintain full command of activity levels allowing flexibility to alter plans during changing environments Overview SandRidge's acreage position is in the core of the NW Stack ✓ Higher oil content further diversifies the Company's commodity mix Meramec formation is the primary target, with underlying and relatively gassier Osage secondary Red Fork and Hunton tested by other operators in the area Remaining locations are infill or direct offset development opportunities with no need for additional exploration or delineation Conservative 2-3 wells spacing currently utilized Recent well results, commodity prices, well costs and other factors will guide future drilling decisions and inventory considerations Average Offset Performance of Recent NW Stack Program (23) 800 700 600 500 400 300 200 100 0 0 0 200 400 600 Producing Days 800 1000 250,000 200,000 150,000 100,000 50,000 Cumulative Production, Boe NW Stack NW Stack Kansas Oklahoma Average Offset of NW Stack Drilling Program - IRR vs Commodity Price (24) 200% 175% 150% 125% 100% 75% 50% 25% 0% $60/$3 $70/$3.50 $80/$4 $90/$4.50 $100/$5 $110/$5.50 $120/$6 SandRidge Energy, Inc. NYSE: SD

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