SandRidge Energy, Inc. Announces Closing of Midstream Assets and East Texas Deep...

SandRidge Energy, Inc. Announces Closing of Midstream Assets and East Texas
Deep Rights Sales

OKLAHOMA CITY, June 30 /PRNewswire-FirstCall/ -- SandRidge Energy, Inc. (NYSE:
SD) today announced the closing of the two previously announced transactions.
Total proceeds of approximately $258 million were used to pay down borrowings
from the company's revolving credit facility.

SandRidge completed the sale of gathering and compression assets receiving
proceeds of $200 million. These assets are located specifically in the Pinon
Field, part of the West Texas Overthrust, located in Pecos and Terrell
counties. The purchaser of these assets was an entity formed and financed by
TCW Asset Management Company on behalf of its institutional clients. SandRidge
will continue its role as operator of these midstream assets.

Separately, SandRidge also received proceeds of approximately $58 million from
the sale of its drilling rights in East Texas below the depth of the Cotton
Valley formation. The transaction consisted of approximately 22,000 acres in
Gregg, Harrison and Rusk counties in East Texas. The rights were sold to a
privately owned exploration and production company.

"We are very pleased to announce the closing of these asset sales," commented
Tom L. Ward, Chief Executive Officer of SandRidge. "These transactions were
part of a plan we laid out several months ago to further strengthen our
balance sheet allowing us to redeploy this capital to our best reservoir, the
Warwick Thrust in the Pinon Field. I have had a business relationship with
TCW dating back to 1990. We value TCW as a partner of SandRidge and
appreciate their hard work and professionalism."

For further information, please contact:

Kevin R. White
Senior Vice President
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102-6406
(405) 429-5515

SandRidge Energy, Inc. is a natural gas and crude oil company headquartered in
Oklahoma City, Oklahoma with its principal focus on exploration and
production. SandRidge and its subsidiaries also own and operate gas gathering
and processing facilities and CO2 treating and transportation facilities and
conduct marketing and tertiary oil recovery operations. In addition, Lariat
Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a
drilling rig and related oil field services business. SandRidge focuses its
exploration and production activities in West Texas, the Cotton Valley Trend
in East Texas, the Gulf Coast, the Mid-Continent, and the Gulf of Mexico.
SandRidge's internet address is www.sandridgeenergy.com.

SOURCE SandRidge Energy, Inc.

Kevin R. White, Senior Vice President of SandRidge Energy, Inc.,
+1-405-429-5515