UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☑ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☑ Indicate by check ...

Financial Data and Key Metrics Changes - The company streamlined its organization, reducing personnel from 270 at the end of 2019 to just over 100, resulting in a significant decrease in adjusted G&A and BOE costs by over 50% year-over-year [5] - Capital expenditures were slashed to approximately $5 million in 2020, down from over $160 million in the previous year [5] - The company flipped its net debt from over $50 million at year-end 2019 to a net cash position of roughly the same magnitude [5] Business Line Data and Key Metrics Changes - The company increased its net operating working interest by acquiring overriding royalty interests at attractive discounts [6] - Operational guidance metrics were met or exceeded, maintaining a record of no HSE incidents for 31 months [6] Market Data and Key Metrics Changes - The company experienced a significant discount in pricing, with NGL prices at 20% of WTI and substantial discounts to NYMEX gas prices [21] - The pricing structure is influenced by the primary marketer Targa, with 85% of gas pricing based on flat front month pricing [24] Company Strategy and Development Direction - The company plans to focus on external strategic attention, believing that the oil and gas industry will benefit from consolidation [7] - Key strategies include capturing scale economies, highgrading investment inventory, and accessing expanded sources of capital [8] - The company aims to grow its PDP asset base or combine assets with other companies in a value-enhancing manner [10] Management Comments on Operating Environment and Future Outlook - Management emphasized the importance of maintaining a strong balance sheet and cash position to enhance attractiveness for potential M&A opportunities [18] - The company is committed to disciplined cash stewardship and will return cash to shareholders if no economically attractive opportunities arise [10] Other Important Information - The company is investigating the impact of recent market chaos on pricing and will provide further details in the first quarter [25][26] Q&A Session Summary Question: Did the company have any outstanding debt as of March 1? - The company had a $30 million credit facility, consisting of a $20 million term loan and a $10 million undrawn revolving portion [15] Question: Is the company continuing to evaluate M&A opportunities? - The company is actively evaluating M&A opportunities and believes a strong cash position makes it an attractive partner [17][18] Question: What is the driver of the large discount from pricing benchmarks? - The discount is primarily due to the primary marketer Targa's asset recovery strategy, which dilutes the per barrel price [22] Question: How did the company maintain production during the recent storm? - The company managed to keep more than half of its production online during the storm, while many peers faced significant shut-ins [23]

SandRidge Energy, Inc. (NYSE:SD) Q3 2020 Earnings Conference Call November 5, 2020 11:00 AM ET Company Participants David Zhu – Director-Finance Carl Giesler – Chief Executive Officer Conference Call Participants Noel Parks – Coker & Palmer Investment Operator Ladies and gentlemen, thank you for standing by, and welcome to the SandRidge Energy’s Third Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer se ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) (State or other juris ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 20-8084793 (State ...

Financial Data and Key Metrics Changes - The second quarter of 2020 was described as one of the most challenging periods in the oil and gas industry due to significant commodity price drops, particularly in oil and NGLs, driven by COVID-19 demand impacts and OPEC+ supply decisions [6] - Despite these challenges, the quarter-over-quarter degradation in EBITDAX and free cash flow was less severe than expected, indicating effective management of cash flow amidst price fluctuations [8] - The company reaffirmed its 2020 guidance, expressing increased confidence in achieving targets [12] Business Line Data and Key Metrics Changes - The company implemented significant cost-saving measures, reducing adjusted G&A to below $2 per BOE and achieving a run rate close to $10 million [10] - Lease Operating Expenses (LOE) were reduced to less than $6 per BOE, with a run rate of approximately $45 million, reflecting operational efficiencies [11] Market Data and Key Metrics Changes - The company extended its hedge profile to cover over 60% of expected PDP gas production through the end of 2021, indicating proactive risk management in response to volatile commodity prices [13] Company Strategy and Development Direction - A major restructuring occurred within the company, reducing corporate staffing by nearly 90% to just over 15 employees, focusing on core strategy and value-driving oversight [9] - The company is utilizing outsourced solutions for non-core functions to achieve economies of scale and best practices [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant impacts of COVID-19 on the business and emphasized the importance of health and safety measures for employees [8] - The company expects to close a previously announced building sale in the third quarter, which will contribute to a near net cash position by year-end [13] Other Important Information - The company celebrated two years without a recordable incident in health, safety, and environment (HS&E), highlighting its commitment to safety amidst industry challenges [12] Q&A Session Summary - No questions were posed during the Q&A session, and the call concluded without further inquiries [14][15]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 20-8084793 (Stat ...

Fourth Quarter 2019 Earnings Presentation February 27, 2020 Cautionary Statements Forward Looking Statement This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are neither historical facts nor assurances of future performance and reflect SandRidge's current beliefs and expectations regarding future events and operating performan ...

Financial Data and Key Metrics Changes - In Q4 2019, the company reported a net loss of $249 million compared to a net income of $54 million in 2018, with a $4 million net loss after adjusting for a $244 million impairment and other non-recurring items [19] - Adjusted EBITDA for Q4 was $32 million, a 24% increase over Q3 but down from $45 million in 2018 [20] - Capital expenditures for 2019 totaled $162 million, with $13 million spent in Q4, leading to $19 million of free cash flow during the quarter [20][21] - Lease operating expenses in Q4 were $19 million, down 15% year-over-year, while adjusted G&A was $5 million, a 20% decrease from 2018 [21] Business Line Data and Key Metrics Changes - The North Park production, which is 100% oil, maintained attractive margins around $30 per BOE, while the midcontinent, generating 70% of 2019 revenue, saw operating margins drop to approximately $10 per BOE from over $18 per BOE in 2018 due to declining natural gas prices and crashing NGL realizations [16][18] - The company drilled 21 new wells and brought 31 wells to sales in 2019, with production for the year at 12 million BOE, a 3% decline from 2018 [28] Market Data and Key Metrics Changes - Natural gas prices decreased continuously throughout 2019, with NGL realizations dropping to just over $12 per blended NGL barrel, half of what was realized in 2018 [17][18] - The company expects natural gas and NGL prices to normalize closer to historical averages throughout 2020 based on forward contracts [19] Company Strategy and Development Direction - The company aims to provide shareholder value by remaining patient during low price periods, focusing on cash flow generation, and maintaining a clean balance sheet [8][12] - Plans for 2020 include reducing lease operating expenses by nearly 20% from 2019 and focusing capital expenditures on high-return projects with quick payouts [9][23] - The company is evaluating merger and acquisition opportunities, believing that bid-ask spreads will narrow in the current environment [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2019 due to volatile oil prices and declining natural gas prices, which led to a deterioration in earnings and non-cash impairments [14][15] - The 2020 budget assumes oil prices averaging $53 per barrel and natural gas prices at $2.15 per MCF, with a focus on minimizing capital spending to maximize free cash flow [23][42] Other Important Information - Proved reserves decreased from 160 million BOE at year-end 2018 to 90 million BOE at year-end 2019, primarily due to lower SEC commodity pricing and production [38] - The company has implemented significant reductions in corporate office staff and expects total G&A to improve from $29 million in 2019 to $19 million in 2020, a decrease of 34% [43] Q&A Session Summary - The call concluded with management expressing commitment to driving shareholder value and looking forward to updating progress in the next quarter [46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33784 SANDRIDGE ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 20-8084793 (State or other jurisdiction ...