SandRidge Energy, Inc

SandRidge Energy, Inc. welcomes inquiries from investors, business associates and others interested in the operations of the company. 

Running one drilling rig for most of 2016 in the Mid-Continent and one rig through August in the North Park Niobrara, SandRidge is allocating capital across both of its active areas, generating cash flow stability while advancing drilling and completion innovations.

SandRidge plans to invest $220 to $240 million of capital expenditures in 2016, with $52 million spent during the third quarter and $61 million during the first half of 2016, excluding acquisitions. Full year total production is estimated to be between 19.0 -19.4 MMBoe, with 4.6 MMBoe produced during the third quarter and 15.0 MMBoe during the first half of 2016. Thirty seven horizontal laterals are planned to be spud during the year, with 26 in the Mid-Continent and 11 in North Park. These lateral counts include four extended laterals, one dual extended lateral, and two full section development projects in the Mid-Continent, and one extended lateral in North Park.

In the Mid-Continent, encouraging development and testing of additional zones, notably the Chester overlying the Mississippian, has grown the existing multiyear drilling inventory, taking full advantage of existing leasehold and infrastructure. The Mid-Continent continues to benefit from improved reservoir characterization and primarily multilateral and extended lateral drilling is planned.

Extended laterals and multilaterals are also envisioned as part of the North Park Niobrara development. The Company recently drilled a Niobrara extended lateral which is expected to be online in the fourth quarter of 2016. Optimized well spacing, multiple initiatives to further lower costs per lateral, and incremental productive zones are all targeted upsides.

SandRidge Energy is committed to operating in a healthy, safe and environmentally responsible manner. Through the active participation of our officers and employees, we will extend all effort and resources to:

• PROTECT the health and safety of our employees, contractors, communities and environment. This commitment includes meeting or exceeding all applicable laws, regulations and best industry practices;
• PREVENT accidents, injuries, illnesses and at-risk behaviors and practices that could lead to incident or near-hit exposure;
• RESPOND to emergency situations promptly and effectively.

Through all of our actions it must be evident that we are fully committed to protecting our greatest resource – the people of SandRidge Energy as well as our valued contractors and the general public. At SandRidge, it’s not just Safety First, it’s Safety ALWAYS!

Contractor Management

SandRidge has implemented a comprehensive Contractor Management Program (CMP) for contractors and suppliers that perform work on and/or deliver goods to SandRidge operations areas.

• Vendor Request Form and SandRidge Management Approval
• Written Agreement (MSA, Special Services Agreement, etc.)
• Insurance Compliance
• EHS Compliance

One primary goal of the SandRidge CMP is to hold contractors accountable to the same EHS and Regulatory standards required of employees. As a part of this goal, SandRidge has contracted with ISN. ISN is a global resource that collects a contractor’s health and safety information, verifies its accuracy, and then reports the results in an easy-to-follow format through their online contractor management database, ISNetworld. Using ISNetworld allows SandRidge access to select those resources that best meet internal and governmental requirements. The SandRidge Purchasing and EHS&R departments work closely with ISN to ensure overall vendor compliance with our safety requirements as well as state and federal requirements.

ISNetworld account membership is required for SandRidge contractors/vendors performing work/services on our operations areas. In addition, your account must be fully executed and meet SandRidge contractor compliance standards. To apply to become a vendor, contact your SandRidge Operations Representative and ask for a Vendor Request Form. Forms submitted directly by a contractor will be rejected.