Climate Change Data

SandRidge Energy, Inc.

Climate Impact & Sustainability Data (2021, 2021-09, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • No routine flaring of produced natural gas since 1Q21
  • Partnership with University of Oklahoma to explore Carbon Capture, Utilization and Sequestration

Social Achievements

  • Demonstrated safety track record integral to culture

Governance Achievements

  • Independent board with diversity of background; annual say-on-pay; 382 Rights Plan approved by shareholders

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2021-09

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • No routine flaring of produced natural gas since 1Q21
  • Partnership with University of Oklahoma to explore Carbon Capture, Utilization and Sequestration (CCUS)

Social Achievements

  • Demonstrated safety track record integral to culture

Governance Achievements

  • Independent board with diversity of background; annual say-on-pay; 382 Rights Plan approved by shareholders

Climate Goals & Targets

Short-term Goals:
  • Extend and flatten production profile with low investment capital, high return, and quick payback projects

Environmental Challenges

  • Commodity price volatility
  • Maintaining profitability in a fluctuating market
Mitigation Strategies
  • Low overhead, low lease operating costs, high percentage of wells profitable at lower prices
  • Well reactivations to enhance production and arrest declines
  • Opportunistic acquisitions
  • Cost reduction initiatives
  • Hedging program (limited)

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • CCUS applications

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • No routine flaring of produced natural gas since 1Q21
  • Owned and operated saltwater gathering systems provide a lower emissions alternative relative to produced water trucking

Social Achievements

  • Demonstrated safety track record integral to culture

Governance Achievements

  • Independent board with diversity of background; annual say-on-pay; 382 Rights Plan approved by shareholders

Climate Goals & Targets

Short-term Goals:
  • Extend and flatten the Company’s production profile with relatively low required investment capital, high return and quick payback workovers and other “small ball” projects, as well as with well reactivations as commodity prices justify

Environmental Challenges

  • Recent inflationary pressures
  • Supply chain constraints
Mitigation Strategies
  • Optimization of SWD system with a focus on peak power rates and adjustments to variable speed drives
  • Continuous and rigorous RFP process to ensure competitive pricing
  • Continued focus on artificial lift design and optimization
  • Secured tubular, artificial lift and maintenance equipment early in 2022 to offset inflation and supply chain constraints
  • Reduced field personnel from 231 to 88 while maintaining high safety standards

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • No routine flaring of produced natural gas since 1Q21
  • Owned and operated saltwater gathering systems provide a lower emissions alternative relative to produced water trucking

Social Achievements

  • Demonstrated safety track record integral to culture

Governance Achievements

  • Independent board with diversity of background; annual say-on-pay; 382 Rights Plan approved by shareholders

Climate Goals & Targets

Environmental Challenges

  • Recent inflationary pressures
  • Supply chain constraints
Mitigation Strategies
  • Routinely secured artificial lift and maintenance equipment to offset inflation and supply chain constraints
  • Optimized use of chemical treatments and continued rebidding of supplies to ensure optimal costs
  • Continuous and rigorous RFP process to ensure competitive pricing
  • Reduced field personnel from 231 to 88 while maintaining high safety standards
  • 24-hour Operations Center with advanced SCADA telemetry ensuring activity optimization, as well as monitoring to help prevent safety or environmental issues

Supply Chain Management

Climate-Related Risks & Opportunities