Investor Presentaiton
SandRidge Organization Today
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Starting in 2018, the Board and Management initiated meaningful personnel reductions to "right size" the organization to better align with the asset
base and activity levels as well as to improve the ratio between field and corporate employees
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Outsourced operational accounting, land administration, HR, tax and other areas, saving $6MM+ per annum and providing enhanced scalability
Retained key operational and technical skill sets, and moved to a contract-as-needed model for more episodic roles
Remaining "core" team has been "upgraded" and "wears multiple hats"
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"Fewer, better, better-incentivized" people with, in aggregate, more "career motivation" to drive SD's value
Despite meaningful increases in 2022-2023 capital activity associated with drilling, completions, well reactivations, and increased well count, the
Company maintained disciplined levels of both field and corporate personnel
Employees
600
500
509
400
300
200
100
11
476
231
207
310
270
278
269
147
140
114
101
102
102
163
130
98
85
87
87
40
0
16
16
15
15
2016
2017
2018
2019
2020
2021
2022
2023
Corporate Field
SandRidge Energy, Inc. NYSE: SDView entire presentation