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Covington Advises SandRidge Energy on $450M Offering of Senior Notes

December 16, 2009

WASHINGTON, DC, December 16, 2009 — SandRidge Energy, Inc. has announced the pricing of its private placement of $450 million of 8 3/4% Senior Notes due in 2020. Covington & Burling LLP advised SandRidge on the transaction, as well as the recently announced sales of the company’s preferred and common stock.

SandRidge Energy is a natural gas and crude oil company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. Net proceeds from the offering of these notes will be used to fund a portion of the purchase price of the company’s planned acquisition of Forest Oil Corporation’s oil and gas properties in the Permian Basin of Texas.

The Covington corporate team was led by partner David Engvall, with associates Matt Franker, Brandon Gay and Liz DeYoung. All are based in the firm’s Washington office. Partner Rob Heller in New York advised on tax.

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