SandRidge Begins Exchange Offer for Senior Notes

SandRidge announced the commencement of an offer to exchange all of its outstanding 8.750% Senior Notes due 2020 issued on December 16, 2009 (the "Old Notes") for new 8.750% Senior Notes due 2020 that are registered under the Securities Act of 1933, as amended (the "Securities Act"). The Old Notes were issued in a private placement exempt from the registration provisions of the Securities Act pursuant to Rule 144A and Regulation S under the Securities Act.

Terms of the new 8.750% Senior Notes due 2020 (the "New Notes") will be identical in all respects to the Old Notes, except that the transfer restrictions applicable to the Old Notes will not apply to the New Notes and, except in limited circumstances, the New Notes will not have rights to additional interest or registration rights. The Old Notes are subject, and any untendered Old Notes will remain subject, to transfer restrictions that, in general, prohibit holders from offering or selling the Old Notes unless the offer and sale are registered under the Securities Act or are exempt from registration under the Securities Act.

The exchange offer will expire at 5:00 p.m., Eastern time, on October 28, 2010, unless extended by SandRidge. Tenders of Old Notes must be made before the exchange offer expires and may be withdrawn at any time before expiration of the exchange offer.

Completion of the exchange offer is subject to certain conditions described in the prospectus dated September 28, 2010, including the continued effectiveness of the Registration Statement on Form S-4 (File No. 333-169465) relating to the exchange offer, which has been filed with the Securities and Exchange Commission.


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