SandRidge Energy Comments on Letter from Carl Icahn

OKLAHOMA CITY, Jan. 9, 2018 /PRNewswire/ -- SandRidge Energy, Inc. ("SandRidge" or the "Company") (NYSE: SD) today commented on the open letter that was received from Carl Icahn this morning:

The SandRidge Board of Directors and management team value constructive shareholder dialogue and are engaged in ongoing discussions with shareholders, including Mr. Icahn.  In this regard, SandRidge's independent board members are scheduled to meet with several major shareholders next week, including Mr. Icahn.

As we have already confirmed in writing to Mr. Icahn on two separate occasions, both publicly in our Form 8-K filed on December 11, 2017 and privately in a letter to his counsel dated December 12, 2017, the short-term rights plan does not prevent shareholders from speaking with each other as long as they do not form a group and comply with federal securities laws.

About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its current principal focus on developing high-return, growth-oriented projects in the U.S. Mid-Continent and Niobrara Shale.

Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain "forward-looking statements" under applicable securities laws, including the Private Securities Litigation Reform Act of 1995. These statements are typically identified by words or phrases such as "may," "will," "could," "should," "predict," "potential," "pursue," "outlook," "continue," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast," and other words and terms of similar meaning. For example, statements regarding the Company's plans to meet with major shareholders, respond to Mr. Icahn's proposal and take any other actions related thereto are forward-looking statements. These forward-looking statements are subject to numerous risks, uncertainties and other factors, which could cause results, effects, actions and timing to differ materially from those predicted or implied by the statements.  Readers are cautioned not to place undue reliance on any of these forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and SandRidge undertakes no obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

Investor Contact:
Justin M. Lewellen
Director of Investor Relations
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
+1 (405) 429-5515

David A Kimmel
Director of Communications
SandRidge Energy, Inc.
123 Robert S. Kerr Ave.
Oklahoma City, OK 73102
+1 (405) 429-5599

SOURCE SandRidge Energy, Inc.