sv8
As
filed with the Securities and Exchange Commission on December 21, 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SandRidge Energy, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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20-8084793 |
(State or other jurisdiction
of incorporation or organization)
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(I.R.S. Employer
Identification Number) |
1601 N.W. Expressway, Suite 1600
Oklahoma City, Oklahoma 73118
(Address of principal executive offices, including zip code)
SandRidge Energy, Inc. 2005 Stock Plan
401(k) Plan of SandRidge Energy, Inc.
(Full title of the plan)
Tom L. Ward
Chairman, Chief Executive Officer and President
1601 N.W. Expressway, Suite 1600
Oklahoma City, Oklahoma 73118
(Name and address of agent for service)
(405) 753-5500
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
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Proposed maximum |
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Proposed maximum |
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Amount of |
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Title of securities |
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Amount to be |
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offering price |
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aggregate offering |
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registration |
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to be registered |
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registered (1) |
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per share |
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price |
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fee |
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Common Stock, $0.001 par value |
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5,907,675 shares |
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$33.27 |
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$ |
196,548,348 |
(2) |
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$ |
6,034.03 |
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(1) |
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Includes 4,907,675 shares issuable under the SandRidge Energy, Inc. 2005 Stock Plan (the Stock Plan) and 1,000,000 shares issuable
under the 401(k) Plan of SandRidge Energy, Inc. (the 401(k) Plan). In accordance with Rule 416(a) of the Securities Act of 1933 (the Securities Act), this registration statement shall also cover any additional shares of Common Stock which
become issuable under the Stock Plan or the 401(k) Plan being registered pursuant to this registration statement by reason of any stock
dividend, stock split, recapitalization or any other similar transaction effected without the
receipt of consideration which results in an increase in the number of the registrants
outstanding shares of Common Stock. |
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(2) |
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Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h)
and Rule 457(c) under the Securities Act. The price per share and aggregate offering
prices for the shares registered hereby are calculated on the basis
of $33.27, which is the
average of the high and low prices reported on the New York Stock
Exchange on December 19,
2007. |
TABLE OF CONTENTS
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents that we filed (File No. 001-33784) with the Securities and Exchange
Commission (the Commission) pursuant to Section 12, 13(a) or 15(d) of the Securities Exchange Act
of 1934 (the Exchange Act) are incorporated by reference and made a part of this registration
statement:
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our prospectus filed with the Commission pursuant to Rule 424(b) promulgated under the
Securities Act of 1933 (the Securities Act), on November 6, 2007, in connection with our
Registration Statement on Form S-1, as amended (No. 333-144004); |
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our quarterly report on Form 10-Q for the quarter ended September 30, 2007, filed on
December 3, 2007; |
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our current reports on Form 8-K (excluding any information furnished under Items 2.02 or
7.01 thereof) filed with the Commission on November 7, 2007,
November 30, 2007, December 3, 2007, December 5,
2007 and December 14, 2007; and |
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the description of our common stock contained in our registration statement on Form 8-A
filed on October 30, 2007 (including any amendments or reports filed for the purpose of
updating such description). |
All documents we file pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act
(excluding any information furnished under Items 2.02 or 7.01 on any
current report on Form 8-K)
subsequent to the effective date of this registration statement, and prior to the filing of a
post-effective amendment to this registration statement indicating that all securities offered
hereby have been sold or deregistering all securities then remaining unsold, will be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing of such documents.
Any statement contained herein or in any document incorporated or deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained in any other subsequently filed document that
also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed to constitute a part of this
registration statement, except as so modified or superseded.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law (DGCL) provides that a corporation may
indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding whether civil, criminal, administrative or
investigative (other than an action by or in the right of the corporation) by reason of the fact
that he is or was a director, officer, employee or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses (including attorneys
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was
unlawful. Section 145 further provides that a corporation similarly may indemnify any such person
serving in any such capacity who was or is a party or is threatened to be made a party to any
threatened, pending or completed action or suit by or in the right of the corporation to procure a
judgment in its favor by reason of the fact that he is or was a director, officer, employee or
agent of the corporation or is or was serving at the
request of the corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses (including attorneys fees)
actually and reasonably incurred in connection with the defense or settlement of such action or
suit if he acted in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the corporation and except that no indemnification shall be made in respect
of any claim, issue or matter as to which such person shall have been adjudged to be liable to the
corporation unless and only to the extent that the Delaware Court of Chancery or such other court
in which such action or suit was brought shall determine upon application that, despite the
adjudication of liability but in view of all of the circumstances of the case, such person is
fairly and reasonably entitled to indemnity for such expenses which the Delaware Court of Chancery
or such other court shall deem proper. Our certificate of incorporation and bylaws provide that
indemnification shall be to the fullest extent permitted by the DGCL for all our current or former
directors or officers. As permitted by the DGCL, our certificate of incorporation provides that we
will indemnify our directors against liability to us or our stockholders for monetary damages for
breach of fiduciary duty as a director, except (1) for any breach of the directors duty of loyalty
to us or our stockholders, (2) for acts or omissions not in good faith or which involve intentional
misconduct or knowing violation of law, (3) under Section 174 of the DGCL or (4) for any
transaction from which a director derived an improper personal benefit.
We have also entered into indemnification agreements with all of our directors and all of our
named executive officers. These indemnification agreements are intended to permit indemnification
to the fullest extent now or hereafter permitted by the DGCL. It is possible that the applicable
law could change the degree to which indemnification is expressly permitted.
The indemnification agreements cover expenses (including attorneys fees), judgments, fines
and amounts paid in settlement incurred as a result of the fact that such person, in his or her
capacity as a director or officer, is made or threatened to be made a party to any suit or
proceeding. The indemnification agreements generally cover claims relating to the fact that the
indemnified party is or was an officer, director, employee or agent of us or any of our affiliates,
or is or was serving at our request in such a position for another entity. The indemnification
agreements also obligate us to promptly advance all reasonable expenses incurred in connection with
any claim. The indemnitee is, in turn, obligated to reimburse us for all amounts so advanced if it
is later determined that the indemnitee is not entitled to indemnification. The indemnification
provided under the indemnification agreements is not exclusive of any other indemnity rights;
however, double payment to the indemnitee is prohibited.
We are not obligated to indemnify the indemnitee with respect to claims brought by the
indemnitee against:
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claims regarding the indemnitees rights under the indemnification agreement; |
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claims to enforce a right to indemnification under any statute or law; and |
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counter-claims against us in a proceeding brought by us against the indemnitee; or |
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any other person, except for claims approved by our board of directors. |
We have obtained director and officer liability insurance for the benefit of each of the above
indemnitees. These policies include coverage for losses for wrongful acts and omissions and to
ensure our performance under the indemnification agreements. Each of the indemnitees are named as
an insured under such policies and provided with the same rights and benefits as are accorded to
the most favorably insured of our directors and officers.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Unless otherwise indicated below as being incorporated by reference to another filing of ours
with the Commission, each of the following exhibits is filed herewith:
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4.1 |
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Certificate of Incorporation of SandRidge Energy, Inc. (filed with the Commission as
Exhibit 3.1 to our Registration Statement on Form S-1 (File No. 33-144004) on June 22, 2007
and incorporated herein by reference). |
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4.2 |
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Amended and Restated Bylaws of SandRidge Energy, Inc. (filed with the Commission as
Exhibit 3.2 to our Registration Statement on Form S-1 (File No. 33-144004) on June 22, 2007
and incorporated herein by reference). |
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4.3 |
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Specimen Common Stock certificate (filed with the Commission as Exhibit 4.1 to our
registration statement on Form S-1 (Commission File No. 333-144004) on October 4, 2007 and
incorporated herein by reference). |
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4.4 |
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SandRidge Energy, Inc. 2005 Stock Plan (filed with the Commission as Exhibit 10.2 to
our Registration Statement on Form S-1 (Commission File
No. 333-144004) on June 22, 2007 and incorporated herein by
reference). |
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4.5 |
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401(k) Plan of SandRidge Energy, Inc. (filed with the Commission as Exhibit 10.1 to our
Registration Statement on Form S-1 (Commission File No. 333-144004) on June 22, 2007 and
incorporated herein by reference). |
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5.1* |
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Opinion of Vinson & Elkins L.L.P. |
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23.1* |
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Consent of PricewaterhouseCoopers |
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23.2* |
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Consent of Grant Thornton LLP |
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23.3* |
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Consent of Vinson & Elkins L.L.P. (included in Exhibit 5.1) |
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23.4* |
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Consent of DeGolyer & MacNaughton. |
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23.5* |
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Consent of Netherland, Sewell & Associates, Inc. |
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23.6* |
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Consent of Harper &Associates, Inc. |
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24.1* |
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Power
of Attorney (included on signature page) |
Item 9. Undertakings
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(a) To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933 (the Securities Act);
(b) To reflect in the prospectus any facts or events arising after the effective date
of this registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in this registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
represent no more than a 20
percent change in the maximum aggregate offering price set forth in the Calculation of
Registration Fee table in the effective registration statement; and
(c) To include any material information with respect to the plan of distribution not
previously disclosed in this registration statement or any material change to such
information in this registration statement;
provided, however, that paragraphs (1)(a) and (1)(b) do not apply if the information required to be
included in a post-effective amendment by those paragraphs is contained in periodic reports filed
with or furnished or furnished to the Commission by the registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this registration
statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(4) That, for purposes of determining any liability under the Securities Act, each filing
of the registrants annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plans annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(5) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant, the registrant has
been advised that in the opinion of the Commission such indemnification is against public policy
as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of
expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Oklahoma, State of
Oklahoma, on the 21st day of December,
2007.
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By: |
/s/ Tom L. Ward |
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Name: |
Tom L. Ward |
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Title: |
President, Chief Executive Officer
and Chairman of the Board |
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KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Tom L. Ward and V. Bruce Thompson, and each of them severally, his true and lawful
attorney or attorneys-in-fact and agents, with full power to act with or without the others and
with full power of substitution and resubstitution, to execute in his name, place and stead, in any
and all capacities, any or all amendments (including pre-effective and post-effective amendments)
to this Registration Statement and any registration statement for the same offering filed pursuant
to Rule 462 under the Securities Act of 1933, as amended, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents and each of them, full power and authority to do
and perform in the name of on behalf of the undersigned, in any and all capacities, each and every
act and thing necessary or desirable to be done in and about the premises, to all intents and
purposes and as fully as they might or could do in person, hereby ratifying, approving and
confirming all that said attorneys-in-fact and agents or their substitutes may lawfully do or cause
to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities and on the 21st day of December, 2007.
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Signature |
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Title |
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/s/ Tom L. Ward
Tom L. Ward |
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President, Chief Executive Officer
and Chairman of the Board
(Principal Executive Officer) |
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/s/ Dirk M. Van Doren
Dirk M. Van Doren |
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Chief Financial Officer and Executive
Vice President
(Principal Financial Officer) |
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/s/ Randall D. Cooley
Randall D. Cooley |
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Vice President of Accounting
(Principal Accounting Officer) |
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/s/ Dan Jordan
Dan Jordan |
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Director |
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/s/ Bill Gilliland
Bill Gilliland |
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Director |
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/s/ Roy T. Oliver, Jr.
Roy T. Oliver, Jr. |
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Director |
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/s/ Stuart W. Ray
Stuart W. Ray |
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Director |
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/s/ D. Dwight Scott
D. Dwight Scott |
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Director |
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/s/ Jeff Serota
Jeff Serota |
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Director |
INDEX TO EXHIBITS
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4.1 |
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Certificate of Incorporation of SandRidge Energy, Inc. (filed with the
Commission as Exhibit 3.1 to our Registration Statement on Form S-1 (File No.
33-144004) on June 22, 2007 and incorporated herein by reference). |
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4.2 |
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Amended and Restated Bylaws of SandRidge Energy, Inc. (filed with the
Commission as Exhibit 3.2 to our Registration Statement on Form S-1 (File No.
33-144004) on June 22, 2007 and incorporated herein by reference). |
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4.3 |
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Specimen Common Stock certificate (filed with the Commission as Exhibit 4.1 to
our registration statement on Form S-1 (Commission File No. 333-144004) on October 4,
2007 and incorporated herein by reference). |
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4.4 |
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SandRidge Energy, Inc. 2005 Stock Plan (filed with the Commission as Exhibit 10.2 to
our Registration Statement on Form S-1 (Commission File
No. 333-144004) on June 22, 2007 and incorporated herein by
reference). |
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4.5 |
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401(k) Plan of SandRidge Energy, Inc. (filed with the Commission as Exhibit
10.1 to our Registration Statement on Form S-1 (Commission File No. 333-144004) on
June 22, 2007 and incorporated herein by reference). |
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5.1* |
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Opinion of Vinson & Elkins L.L.P. |
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23.1* |
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Consent of PricewaterhouseCoopers |
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23.2* |
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Consent of Grant Thornton LLP |
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23.3* |
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Consent of Vinson & Elkins L.L.P. (included in Exhibit 5.1) |
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23.4* |
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Consent of DeGolyer & MacNaughton. |
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23.5* |
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Consent of Netherland, Sewell & Associates, Inc. |
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23.6* |
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Consent of Harper &Associates, Inc. |
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24.1* |
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Power
of Attorney (included on signature page) |