SandRidge Energy, Inc. Announces Pricing of $1.1 Billion Senior Notes Offering - $825 Million of 7.5% Senior Notes due 2023 and $275 Million of 7.5% Senior Notes due 2021

SandRidge Energy, Inc.

announced the pricing of its private placement of an aggregate of $1.1 billion of Senior Notes, comprised of $825 million of 7.5% Senior Notes due 2023 and $275 million of 7.5% Senior Notes Due 2021. The 2023 Notes were priced at 99.5% of par, resulting in a yield to maturity of 7.57%, and the 2021 Notes were priced at 101.625% of par (plus accrued interest from March 15, 2012), resulting in a yield to maturity of 7.24%. The offering of the notes is expected to settle on August 20, 2012. Net proceeds from the offering will be used to fund the Company's pending tender offer for up to $350 million in aggregate principal amount of its Senior Floating Rate Notes due 2014 (the "2014 Notes"), including payment of the accrued, unpaid interest on such notes in connection with the tender offer.