SANDRIDGE ENERGY INC (SD): M&A transaction — SandRidge closes $144M Western Anadarko Basin acquisition and updates FY2024 guidance

On August 30, 2024, SandRidge Exploration and Production, LLC (the “ Purchaser ”), a Delaware limited liability company and a wholly owned subsidiary of SandRidge Energy, Inc. (the “ Company ”), Upland Exploration, LLC, a Texas limited liability company, and Upland Operating, LLC, an Oklahoma limited liability company (together with Upland Exploration, LLC, collectively, the “ Seller ”) closed the transactions (the “ Transactions ”) contemplated by the previously announced Purchase and Sale Agreement, dated July 29, 2024 (the “ PSA ”) and the Purchaser purchased certain of Seller’s interests in oil and gas properties, rights, and related assets in the Cherokee play of the Western Anadarko Basin (the “ Assets ”) for $144 million, subject to customary purchase price adjustments (the “ Closing ”) and subject to final post-closing settlement between Purchaser and Seller.