SandRidge Energy, Inc. (NYSE: SD) announced that it has received tenders and consents from holders of 94.26% of the aggregate principal amount of its Senior Floating Rate Notes due 2014, representing $329.9 million of the Notes, in connection with its previously announced cash tender offer for the Notes and related solicitation of consents to certain proposed amendments to the indenture governing the Notes, as reported to the Company by the depositary for the tender offer. The tender offer commenced on August 6, 2012 and is described in the Offer to Purchase and Consent Solicitation Statement dated August 6, 2012.

The Company's obligation to accept for purchase, and to pay for, any Notes pursuant to the tender offer is subject to the satisfaction of certain conditions including: (1) consummation of a capital markets debt offering on terms satisfactory to the Company that results in the receipt of net proceeds that are sufficient to pay the total consideration for all tendered Notes, plus all related fees and expenses, (2) execution of the Supplemental Indenture, and (3) certain other customary conditions.

Any Notes not tendered and purchased pursuant to the tender offer will remain outstanding and will be governed by the terms of the Supplemental Indenture.

The Company has engaged Barclays Capital Inc. to act as the Dealer Manager and Solicitation Agent in connection with the Offer.