SandRidge Energy(SD) - 2021 Q4 - Earnings Call Presentation

Financial Highlights - SandRidge Energy's SEC Proved Developed Reserve PV-10 is approximately $433 million [5] with a net cash position of $140 million [5] - The company generated approximately $99 million of free cash flow in 2021 [6] - SandRidge Energy has approximately $1.7 billion of Net Operating Loss carryforwards as of YE21 [6] Operational Performance - SandRidge Energy maintained flat production over the trailing twelve months with approximately $11 million of invested capital [6] - The company's daily average base production rate was 186 MBoed in 2021 [13], with liquids accounting for approximately 47% of total production [17] - Lease operating costs were $390 per Boe for FY21 [8] - The company reactivated 129 wells in 2021, resulting in a gross production increase of 32 MBoed [23] Strategic Focus - The company plans to drill 9 new wells in the core of NW Stack in 2022 [6] - SandRidge Energy reduced its annual absolute LOE by approximately 75% since 2016 [26] - The company reduced its annual absolute G&A by approximately 75% since 2018 [36]