At closing, SandRidge received approximately $250 million in cash and transferred to Repsol an undivided 16% non-operated working interest in SandRidge's original Mississippian play and an undivided 25% non-operated working interest in SandRidge's extension Mississippian play in western Kansas. SandRidge will receive an additional $750 million in the form of a drilling carry over a period of approximately three years. About SandRidge Energy SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma, with its principal focus on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities and CO2 treating and transportation facilities and conduct marketing and tertiary oil recovery operations.