Oklahoma City, Oklahoma, August 1, 2007 - SandRidge Energy, Inc. today announced that its board of directors declared a dividend on the outstanding shares of Series A Convertible Preferred Stock.  The dividend of $4.10 per share will be paid in cash on August 15, 2007 to holders of record as of August 1, 2007.  The dividend covers the time period from May 2, 2007 through August 1, 2007.

For further information, please contact:

Dirk M. Van Doren   
Chief Financial Officer
SandRidge Energy, Inc.    
(405) 753-5520

SandRidge Energy, Inc. is a natural gas and oil company headquartered in Oklahoma City, OK with its principal focus on exploration and production.  SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services, Inc. brand name; gas gathering, marketing and processing facilities; and, through its subsidiary, PetroSource Energy Company CO2 treating and transportation facilities and tertiary oil recovery operations.  SandRidge focuses its exploration and production activities in West Texas, the Cotton Valley Trend in East Texas and the Gulf Coast.  SandRidge also owns oil and gas properties in the Piceance Basin of Colorado, the Gulf of Mexico and the Anadarko and Arkoma Basins.  The company’s Internet address is www.sandridgeenergy.com.