Business Description

We are an independent oil and natural gas company, organized in 2006, with a principal focus on acquisition, development and production activities in the U.S. Mid-Continent. As of December 31, 2025, we had an interest in 1,446 gross (825 net) producing wells, approximately 930 of which we operate, and 574,599 gross (378,537 net) total acres under lease. As of December 31, 2025, we had one active drilling rig. Total estimated proved reserves as of December 31, 2025, were 69.1 MMBoe. Our principal executive offices are located at 1 E. Sheridan Ave, Suite 500, Oklahoma City, Oklahoma 73104 and our telephone number is (405) 429-5500. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports are made available free of charge on our website at www.sandridgeenergy.com as soon as reasonably practicable after we file such material with, or furnish it to, the SEC. Any materials that we have filed with the SEC may be accessed via the SEC’s website address at www.sec.gov. Our Business Strategy The Company’s primary strategic focus is to grow the value of our asset base in a safe, responsible and efficient manner, while utilizing our net operating loss carry forwards to maximize cash flow. We will continue to exercise financial discipline and prudent capital allocation to projects we believe provide a high rate of return in the current commodity price environment, to include executing our planned development within the Cherokee play. We will also remain vigilant for opportunistic, value-accretive acquisitions and business combinations, with consideration of our balance sheet and commitment to our planned return of capital program. 6 Table of Contents PRIMARY BUSINESS OPERATIONS Our primary operations are the production, development and acquisition of hydrocarbon resources. The following table presents information concerning