Investor Presentaiton
SandRidge Investment Highlights
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SandRidge Energy's SEC PD Reserve PV-10 is ~$433MM (1) with net cash of $140MM (2)
$ Millions
SEC Proved Developed Reserve PV-10(1)
~$433
Proved Developed Reserve PV-10 at Mar. 2 Strip Prices(3)
-$546
Cash and cash equivalents(4)
$140
Total Debt(5)
$0
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SandRidge is an experienced operator with:
Flat production over the trailing twelve months, with ~$11MM of invested capital (6)
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Expanded 2022 capital program of high-return projects to further enhance production and arrest declines
9 new wells high-graded in core of NW Stack
Continuation of well reactivation program
Low overhead, with G&A of $1.42 per Boe for FY21 (7)
No debt
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~$99MM of free cash flow in 2021 (8) and a growing net cash position
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~75% of wells can operate profitably at $40 WTI and $2.00 HH(9)
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>10-year reserves-to-production ratio and ~35-year weighted average well life(10)
~$1.7 billion of Net Operating Loss ("NOL") carryforwards as of YE21, shields future free cash flow from federal income taxes
Prior investment in existing infrastructure (11) of over 1,000 miles of saltwater disposal ("SWD") pipelines and 1,000 miles of electric power lines,
contributing to low lease operating costs of $3.90 per Boe for FY21 (12)
Ongoing commitment to Environmental, Social, and Governance ("ESG")
SandRidge Energy, Inc. NYSE: SDView entire presentation