Investor Presentaiton

Production Optimization • The Company continues to build on its disciplined program of high ROI workover and other projects, to include high-graded heel completions, recompletions, and refracs, which will aide in stemming natural decline of its producing wells in 2024 Continued focus on artificial lift improvements and optimization leading to improved runtimes, which will benefit LOE reductions long term Workovers ◉ Relatively low capital investment, quick payback and high return(15) - - Average actual costs of ~$169K per well in 2023, and on average below AFE estimate Ten-month capital weighted-average payback More than 120% capital weighted-average rate of return with payouts of <1 year Disciplined approach - - - Competitive bidding on equipment and services; aggressive incorporation of already-owned, under-utilized parts "Blank page" project redesign; real-time job modification to adjust to well and other relevant information GIS integration to optimize workover rig schedule → “less time on road, more time on well" Artificial Lift Improvements Long life ESP runtimes - Achieving greater than 5 years of runtime on ESPs and improving Rod pump optimization and conversions - - 16 artificial lift conversions conducted in 2023 and ~14 currently planned in 2024 which will improve both production and cost efficiencies Improved metallurgy, designs and installing automatic greasing system that will continue to improve runtimes and decrease maintenance Lowering pump setting depth where possible to increase production and long-term reserves Heel Completions Completing "bypassed" Meramec pay in two NW Stack horizontal wells, adding 611' of new stimulated lateral If successful, an additional -dozen wells could be completed to open up more producing interval Recompletions ■ Completing uphole "behind pipe" pay in the vertical section of 2-3 wells Accessing formations already proven by historical vertical fields, with an estimated average cost of $485k per well, and average return of 100% Refrac Restimulating an existing interval in the Chester formation, which has produced more than 200 MBoe, to increase long term recovery 8 SandRidge Energy, Inc. NYSE: SD

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