SandRidge Energy, Inc. Announces Affirmed $500 Million Borrowing Base and Amendment of Senior Credit Facility

OKLAHOMA CITY, Oct. 19, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") SD today announced that, in connection with a regularly scheduled redetermination, its lenders have affirmed the $500 million borrowing base under its senior secured credit facility. In addition, the credit agreement was amended to increase from $200 million to $275 million a basket available to the Company for the cash repurchase of senior unsecured notes.            

About SandRidge Energy, Inc.

SandRidge Energy, Inc. SD is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the Mid-Continent region of the United States. In addition, SandRidge owns and operates a saltwater gathering and disposal system and a drilling rig and related oil field services business.

CONTACT: 
Duane Grubert  
EVP – Investor Relations & Strategy
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102 
+1 (405) 429-5515

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SOURCE SandRidge Energy, Inc.