SANDRIDGE ENERGY, INC. ANNOUNCES APPOINTMENT OF NANCY DUNLAP TO THE BOARD OF DIRECTORS

Rhea-AI Summary

On October 6, 2022, SandRidge Energy, Inc. (NYSE: SD) announced the election of Nancy Dunlap to its Board of Directors. Dunlap, aged 70, has extensive experience, serving as private counsel for Jon S. Corzine since 1999 and a director at Icahn Enterprises G.P. Inc. since April 2021. She was also a director at CVR Refining from July 2018 to February 2019. Chairman Jonathan Frates expressed enthusiasm about her appointment, highlighting her expertise as a means to enhance shareholder value.

Positive

• Nancy Dunlap brings extensive experience in legal and corporate governance, which may enhance Board effectiveness.
• Her appointment is viewed as a strategic move to maximize shareholder value at SandRidge.

Negative

• Dunlap's age (70) raises potential concerns regarding continuity and long-term strategic leadership on the Board.

OKLAHOMA CITY, Oct. 6, 2022 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced that Nancy Dunlap has been elected to the Company's Board of Directors ("Board").

Ms. Dunlap (age 70) has served since 1999 as the private counsel and head/Chairman of the private family office of Jon S. Corzine, former New Jersey Governor and United States Senator. Ms. Dunlap has served as a director of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P., since April 2021. Ms. Dunlap was previously a director of CVR Refining, LP, an independent downstream energy limited partnership, from July 2018 to February 2019.

Ms. Dunlap received a Juris Doctor from St. John's University School of Law and a Bachelor of Arts from University of Denver.

Jonathan Frates, Chairman of the Company's Board, commented "We are extremely pleased to add Nancy to our Board. With her experience and knowledge, we are adding additional expertise as we strive to maximize shareholder value at SandRidge."

About SandRidge Energy, Inc.

SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development, production, and acquisition of oil and gas properties. Its primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Further information can be found at www.sandridgeenergy.com.

Contact Information

Investor Relations
SandRidge Energy, Inc.
1 E. Sheridan Ave., Suite 500
Oklahoma City, OK 73104
investors@sandridgeenergy.com

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SOURCE SandRidge Energy, Inc.

FAQ

Who is Nancy Dunlap in relation to SandRidge Energy (SD)?

Nancy Dunlap has been elected to the Board of Directors of SandRidge Energy, bringing significant legal and governance experience.

What impact could Nancy Dunlap's appointment have on SandRidge Energy (SD)?

Her appointment is expected to enhance shareholder value through her extensive expertise and experience in corporate governance.

When was Nancy Dunlap elected to the Board of Directors of SandRidge Energy (SD)?

Nancy Dunlap was elected to SandRidge Energy's Board on October 6, 2022.

What experience does Nancy Dunlap bring to SandRidge Energy (SD)?

Dunlap has served as private counsel for Jon S. Corzine and as a director at other significant companies, showcasing her legal and corporate knowledge.