SandRidge Energy, Inc. Prices Initial Public Offering

Nov 05, 2007, 00:00 ET from SandRidge Energy, Inc.

    OKLAHOMA CITY, Nov. 5 /PRNewswire-FirstCall/ -- SandRidge Energy, Inc.
 ("SandRidge") announced today the pricing of its initial public offering of
 28,700,000 shares of common stock at $26.00 per share. An entity controlled
 by Tom L. Ward, SandRidge's Chairman, Chief Executive Officer and
 President, has agreed to purchase 4,170,000 of such shares at the initial
 public offering price. SandRidge has granted the underwriters a 30-day
 option to purchase up to 3,679,500 additional shares. Lehman Brothers Inc.,
 Goldman, Sachs & Co. and Banc of America Securities LLC are acting as joint
 book-running managers and representatives of the underwriters.
     SandRidge's common stock is expected to begin trading on the New York
 Stock Exchange under the symbol "SD" on November 6, 2007.
     This information does not purport to be a complete description of these
 securities or the offering. Please refer to the prospectus for a complete
 description. This news release does not constitute an offer to sell or the
 solicitation of an offer to buy any securities issuable pursuant to the
 registration statement, nor will there be any sale of these securities in
 any state or jurisdiction in which such offer, solicitation or sale would
 be unlawful prior to registration or qualification under the securities
 laws of any such state or jurisdiction. The offering is being made only be
 means of a prospectus, copies of which may be obtained from (i) Lehman
 Brothers Inc., c/o Broadridge Prospectus Fulfillment, 1155 Long Island
 Avenue, Edgewood, NY 11717, via fax at 631-254-7140 or via email at; (ii) Goldman, Sachs & Co., Attn: Prospectus
 Department, 85 Broad Street, New York, NY 10004, via fax at 212-902-9316 or
 via e-mail at prospectus-; or (iii) Banc of America
 Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New
 York, NY 10001, via phone at 800-294-1322 or via email at
      For further information, please contact:
      Dirk M. Van Doren
      Chief Financial Officer
      SandRidge Energy, Inc.
      1601 N.W. Expressway, Suite 1600
      Oklahoma City, OK 73118
      (405) 753-5520
     SandRidge Energy, Inc. is an oil and natural gas company headquartered
 in Oklahoma City with its principal focus on exploration and production.
 SandRidge also owns and operates drilling rigs and a related oil field
 services business operating under the Lariat Services, Inc. brand name; gas
 gathering, marketing and processing facilities; and, through its
 subsidiary, PetroSource Energy Company CO2 treating and transportation
 facilities and tertiary oil recovery operations. SandRidge focuses its
 exploration and production activities in West Texas, the Cotton Valley
 Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas
 properties in the Piceance Basin of Colorado, the Gulf of Mexico and the
 Anadarko and Arkoma Basins. The company's Internet address is

SOURCE SandRidge Energy, Inc.