Investor Presentaiton

2023 Review • The Company was within the range or beat 2023E production, capital expenditures, LOE, and Adjusted G&A guidance (9) Production (MBoed) Capex ($MM) 4 16.9 4% above MPOG 14.5-17.8 2023 Actual LOE ($MM) $22.4 14% below LPOG $26-$35 2023 Guidance (9) 2023 Actual Adj. G&A ($MM) (10) (9) 2023 Guidance $41.9 3% below MPOG $8.8 7% below MPOG $8-$11 $38-$48 2023 Actual (9) 2023 Guidance 2023 Actual (9) 2023 Guidance Other Items: • • Initiated dividend program with ~$3.70 per share of cumulative dividends paid through February 2024 Concluded drilling and completion operations during the year, utilizing flexibility to alter development plans in changing industry environments • • Generated $89MM of free cash flow(3) in 2023, net of capital program, resulting in December 31, 2023 cash balance of $254MM(1) Continued Production Optimization Program SandRidge Energy, Inc. NYSE: SD

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