SandRidge Energy, Inc. Announces Closing of $500 Million Horizontal Mississippian Joint Venture

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SandRidge Energy, Inc. ("SandRidge") (NYSE: SD) announced today that it has completed its previously announced joint venture transaction with an affiliate of Atinum Partners Co., Ltd. ("Atinum"), a leading investment firm located in the Republic of Korea.

At closing, SandRidge received approximately $250 million in cash and transferred to Atinum an undivided 13.2% non-operated working interest in SandRidge's original Mississippian play. SandRidge will receive an additional $250 million in the form of a drilling carry.

About SandRidge Energy

SandRidge Energy, Inc. is an oil and natural gas 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 the Permian Basin, Mid-Continent, West Texas Overthrust, Gulf Coast and Gulf of Mexico. SandRidge's internet address is

About Atinum Partners Co., Ltd.

Atinum Partners, headquartered in Seoul, Republic of Korea is a leading private investment company. Established in 2008, Atinum Partners focuses on domestic and international investment opportunities in a broad range of industries.

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