TEXT-S&P release on SandRidge Energy

(The following statement was released by the rating agency)

March 14 - Standard & Poor's Ratings Services said today that it revised
its outlook on oil and gas exploration and production (E&P) company SandRidge
Energy Inc. (SD.N: Quote, Profile, Research) to positive from stable and affirmed its ratings, including
the 'B' corporate credit rating, on the company.

"The positive outlook reflects the company's increased proved reserve
base and production levels and strong 2007 finding and development costs, and
our greater level of confidence surrounding future drilling prospects in the
Pinon Field," said Standard & Poor's credit analyst David Lundberg.

As of Dec. 31, 2007, Oklahoma City, Okla.-based SandRidge had $1.1
billion in debt.

The ratings on SandRidge Energy Inc. reflect its highly leveraged
financial profile, geographic concentration in the Pinon Field in West Texas,
and the E&P industry's highly cyclical and capital-intensive nature. These
weaknesses are only partially offset by SandRidge's good internal growth
prospects, competitive finding and development costs, and experienced
management team.

Complete ratings information is available to subscribers of
RatingsDirect, the real-time Web-based source for Standard & Poor's credit
ratings, research, and risk analysis, at www.ratingsdirect.com. All ratings
affected by this rating action can be found on Standard & Poor's public Web
site at www.standardandpoors.com; select your preferred country or region,
then Ratings in the left navigation bar, followed by Credit Ratings Search.
(New York Ratings Team)