{"url_path":"/sec/sd/8-k/2026-06-29/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1349436/0001213900-26-072879-index.html","accession_number":"0001213900-26-072879","cik":"0001349436","ticker":"SD","issuer_name":"SANDRIDGE ENERGY INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1349436/0001213900-26-072879-index.html","primary_entity_key":"0001349436","primary_entity_name":"SANDRIDGE ENERGY INC"},"word_count":253,"has_tables":true,"body_markdown":"**Item 1.01 Entry into a Material Definitive Agreement.**\n\n \n\nOn June 26, 2026, SandRidge\nExploration and Production, LLC, a Delaware limited liability company (the “Purchaser”) and a wholly owned subsidiary of SandRidge\nEnergy, Inc. (the “Company”), entered into a Purchase and Sale Agreement, dated June 26, 2026, by and among Rockies Resources\nHoldings LLC, a Delaware limited liability company, and Rockies Resources Agent Corp., a Delaware corporation, as agent for Rockies Resources\nHoldings LLC (each of the foregoing, a “Seller” and collectively, the “Sellers”) (the “Purchase Agreement”),\nproviding for the Purchaser’s acquisition of the Sellers’ right, title and interest in certain oil and gas properties and\nrelated assets and contracts (the “Assets”).\n\n \n\nPursuant to the Purchase Agreement,\nthe Assets will be acquired for $65,000,000 in cash consideration at closing, subject to customary purchase price adjustments, and three\ncontingent earn-out payments of $2,000,000 each, based on exceeding the average daily spot price for West Texas Intermediate crude oil\nat certain price thresholds beginning July 1, 2026 and ending December 31, 2027. The Purchase Agreement contains representations, warranties\nand covenants that are customary of oil and gas purchase and sale agreements. The transaction is expected to be funded with cash on hand\nand is anticipated to close in the third quarter of 2026, subject to the satisfaction of customary closing conditions.\n\n \n\nA copy of the Purchase Agreement\nis attached hereto as Exhibit 2.1 and is incorporated by reference herein. The foregoing description of the Purchase Agreement is qualified\nin its entirety by reference to Exhibit 2.1."}