Investor Presentaiton

9 BOPD Production Optimization • • The Company has implemented a disciplined program of high ROI workover and other projects to shallow its PDP decline profile Work done to date has played a key role in achieving flat production over the trailing twelve months (6) ~30 well reactivations currently planned throughout 2022 Relatively low capital investment, quick payback and high return(23) - Average actual costs of ~$61K per well, and on average below AFE estimate Nine-month capital weighted-average payback More than 120% capital weighted-average rate of return 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" Well Reactivations and Artificial Lift Conversions Returned 129 wells to production in 2021, resulting in a gross production increase of 3.2 MBoed (19) ~30 well reactivations currently planned throughout 2022 ~35 artificial lift conversions planned which will improve both production and cost efficiencies 2021 Well Reactivations - Total Gross Production Increase and Well Count 1,000 25,000 30 800 25 20,000 600 15,000 400 10,000 MCFD Online Well Count 140 120 100 80 60 40 200 5,000 5 20 0 0 0 0 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Jan-21 Mar-21 May-21 Jul-21 Oil Production (Bbl/d) Gas Production (Mcf/d) Online Sep-21 Cumulative Wells Nov-21 SandRidge Energy, Inc. NYSE: SD Cumulative Well Count

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