Commodity price volatility
Revenue depends on realized oil, gas, and NGL prices that are outside management control.
- Scope
- Oil, natural gas, and NGL sales
- Materiality
- high
SandRidge Energy, Inc
SandRidge Energy Inc. is a U.S.-based independent oil and natural gas company focused on acquisition, development, and production in the U.S. Mid-Continent. Its operations center on producing crude oil, natural gas, and natural gas liquids from operated and non-operated wells and leased acreage, with a portfolio that includes the Cherokee Shale Play and legacy assets.
66,4 %
44,9 %
+24,8 %
2.17
2.17
| % | |
|---|---|
| Oil production | 49% Crude oil extracted from operated and non-operated wells in the Mid-Continent. |
| Natural gas production | 27% Sales of produced natural gas from company-operated and partner-operated properties. |
| NGL production | 24% Natural gas liquids recovered and sold as part of hydrocarbon production. |
| Lease and acreage development | 0% Acquisition, leasing, and development of acreage to support future drilling. |
SandRidge sells production to oil and natural gas companies as well as trading and energy marketing firms...
- Oil and natural gas companiesprimary
Buy crude oil, natural gas, and NGL volumes for downstream use or resale; they are core purchasers of produced hydrocarbons.
- Trading and energy marketing companiesprimary
Buy production to aggregate, hedge, transport, and market volumes across regional and national markets.
- Local market purchaserssecondary
Regional buyers in the Mid-Continent that provide outlet capacity for produced volumes and help diversify sales channels.
SandRidge’s core operating footprint is the U.S. Mid-Continent, including the Cherokee Shale Play, NW Stack, and legacy...
- •Headquartered in Oklahoma City, Oklahoma
- •Core operations in the U.S. Mid-Continent
- •Cherokee Shale Play is a key development area
- •NW Stack and legacy assets add to the lease portfolio
- •U.S. onshore infrastructure and pipeline access matter for sales
SandRidge’s strategy is to grow the value of its asset base through disciplined capital allocation to high-return...
01
Cherokee Shale developmentshort-term
Provides the main organic growth engine and supports reserve replacement.
02
Production optimizationshort-term
Raises output from existing wells with lower capital intensity than new drilling.
03
Leasehold retention and expansionmedium-term
Maintains future drilling optionality and reduces lease expiration risk.
04
Opportunistic acquisitionsmedium-term
Can add reserves and scale if priced attractively and integrated well.
SandRidge is exposed to commodity price volatility, reserve depletion, lease expiration, and operational hazards...
Reserve depletion and decline rates
Upstream wells are depleting assets and require ongoing development to sustain volumes.
- Scope
- Producing wells and reserve base
- Materiality
- high
Customer concentration
A few purchasers account for a large share of revenue, increasing credit and renewal risk.
- Scope
- Receivables and sales channels
- Materiality
- high
Lease expiration
Undeveloped acreage can expire if production is not established or leases are not extended.
- Scope
- Net undeveloped acreage
- Materiality
- high
Operational and cybersecurity disruption
Well operations, pipelines, and IT systems are vulnerable to outages, attacks, and third-party failures.
- Scope
- Production, logistics, and back-office systems
- Materiality
- medium
Proved reserve estimates and depletion
Can materially change depletion expense and impairment risk
Asset retirement obligations
Affects liabilities and future cash outflows
Commodity derivatives
Impacts revenue presentation and net income
Lease accounting and acreage expiration
Affects future drilling optionality and asset carrying values
Credit losses on receivables
Can affect allowance estimates and working capital
: 29/04/2026