SandRidge Energy Inc. - 2011-03-02

Plans to commence a private offering of senior notes due 2021. Net proceeds will be used to fund the aggregate tender price of its pending tender offer for up to $650 million in aggregate principal amount of its 8.625% senior notes due 2015, and to fund payment of a portion of the accrued but unpaid interest on such notes in connection with the tender offer.

Any remaining net proceeds are expected to be used for general corporate purposes, including to pay debt.