SandRidge Energy is an oil and natural gas exploration and production company that develops and produces crude oil, natural gas, and natural gas liquids from properties in the Mid-Continent region of the United States. The company's capital-intensive business model requires substantial expenditures to acquire, develop, and produce reserves, which it funds primarily through operational cash flow, credit facilities, and asset sales. As a producer of naturally depleting reserves, SandRidge's financial performance depends on its ability to efficiently develop existing undeveloped acreage and acquire or discover economically viable reserves to offset natural production declines.