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Investor Presentaiton

• • Low-Cost Operator SandRidge's streamlined operations delivers some of the lowest cash operating costs per Boe in its peer group Commitment to safely driving operational efficiencies has mitigated higher per Boe costs often associated with maintaining long-lived assets Cash operating costs include lease operating expense, expense workovers, adjusted G&A(10), and production and ad valorem taxes 13 Cash Operating Costs ($/Boe) (17) (20) Peer Average: $21.80 / Boe $15.10 $13.44 $13.53 $13.87 $12.17 $11.38 $10.00 $6.70 Peer 1 SD 2023 Peer 2 Peer 3 Peer 4 Peer 5 $25.83 $26.21 $24.98 $25.03 $23.82 $21.96 $18.37 $41.18 $55.30 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 SandRidge Energy, Inc. NYSE: SD
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