Investor Presentaiton
Midcon Asset Position
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364K acre position across northern OK and southern KS
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Daily average production rate of 16.9 MBoed in 2023
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Long-lived, resilient assets with single-digit average annual PDP decline over the next 10 years
~10-year reserves-to-production ratio and a >30-year weighted average well life (6)
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Mix of hydrocarbons with 2023 Boe production comprised of ~55% gas and ~45% liquids
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99% of position is held by production, which provides greater flexibility on future development options and low acreage maintenance cost
Acreage Position (2)
YE 2023 Summary Operating Metrics
PD PV-10 Sensitivities ($MM) (13)
7
Net Production
Kansas
Liquids %
Oklahoma
$700
$600
$500
$400
$300
$200
$100
$0
SEC Pricing
(12)
■PV-10 ($MM)
$70 WTI / $3 HH $80 WTI / $4 HH
Potential Realization Improvements ($MM) (14)
$90 WTI / $5 HH
PD Reserves
16.9 MBoed
~45%
55.7 MMBoe
PD PV-10 (SEC)(12)
~$296MM
R/P Ratio | Avg. Well Life (6)
~10 yrs. | >30 yrs.
Avg. Op Working Interest %
84%
Avg. Op Net Revenue Interest %
68%
Net Acreage (2)
364K
HBP %
99%
SandRidge Energy, Inc. NYSE: SDView entire presentation