SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/05/2010	3. Issuer Name and Ticker or Trading Symbol SANDRIDGE ENERGY INC [ SD ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.001 par value (?Common Shares?)	14,203,600	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
6.0% Conv. Perp. Preferred Stock (?6.0% Preferred Shares?)	(2)	(2)	Common Stock, $0.001 par value	18,422,992(3)	(3)	I	See Footnote(4)
8.5% Conv. Perp. Preferred Stock (?8.5% Preferred Shares?)	(5)	(6)	Common Stock, $0.001 par value	11,388,456(7)	(7)	I	See Footnote(8)

1. Name and Address of Reporting Person* FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* WATSA V PREM ET AL (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* 1109519 ONTARIO LTD (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SIXTY TWO INVESTMENT CO LTD (Last) (First) (Middle) 1600 CATHEDRAL PLACE 925 WEST GEORGIA ST. (Street) VANCOUVER A1 V6C 3L3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* 810679 ONTARIO LTD (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FAIRFAX INC (Last) (First) (Middle) 300 FIRST STAMFORD PLACE (Street) STAMFORD CT 06902 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ODYSSEY AMERICA REINSURANCE CORP (Last) (First) (Middle) 300 FIRST STAMFORD PLACE (Street) STAMFORD CT 06902 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TIG INSURANCE CO (Last) (First) (Middle) 5205 NORTH O'CONNOR BLVD. (Street) IRVING TX 75039 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. 1277,000 Common Shares are held directly by V. Prem Watsa, 1,440,000 Common Shares are held by Fairfax Inc., 711,400 Common Shares are held by Markel Insurance Company of Canada, 409,000 Common Shares are held by Federated Insurance Company of Canada, 1,112,800 Common Shares are held by Commonwealth Insurance Company, 2,845,400 Common Shares are held by Lombard General Insurance Company of Canada, 202,800 Common Shares are held by United States Fire Insurance Company, 962,000 Common Shares are held by The North River Insurance Company and its subsidiaries, 243,000 Common Shares are held by TIG Insurance Company, 1,000,000 Common Shares are held by Zenith Insurance Company, 4,619,200 Common Shares are held by Odyssey America Reinsurance Corporation and its subsidiaries, 80,000 Common Shares are held by Falcon Insurance Company (Hong Kong) Ltd. and 301,000 Common Shares are held by certain other subsidiaries of Fairfax Financial Holdings Limited.

2. The 6.0% Preferred Shares are convertible into Common Shares at the option of the holder thereof at any time prior to December 21, 2014, on which date the 6.0% Preferred Shares will be automatically converted into Common Shares.

3. Each 6.0% Preferred Share is convertible into approximately 9.21 Common Shares, subject to adjustment under certain circumstances.

4. 70,000 6.0% Preferred Shares are held by Markel Insurance Company of Canada, 40,000 6.0% Preferred Shares are held by Federated Insurance Company of Canada, 110,000 6.0% Preferred Shares are held by Commonwealth Insurance Company, 240,000 6.0% Preferred Shares are held by Lombard General Insurance Company of Canada, 500,000 6.0% Preferred Shares are held by Fairfax Inc., 250,000 6.0% Preferred Shares are held by The North River Insurance Company, 750,000 6.0% Preferred Shares are held by Odyssey America Reinsurance Corporation and 40,000 6.0% Preferred Shares held by pension plans of certain other subsidiaries of Fairfax Financial Holdings Limited.

5. The 8.5% Preferred Shares are convertible at any time at the holder's option.

6. After February 20, 2014, Sandridge Energy Inc. may cause all outstanding 8.5% Preferred Shares to automatically convert into Common Shares at the then-prevailing conversion rate if certain conditions are met.

7. Each 8.5% Preferred Share is convertible into 12.4805 Common Shares, subject to adjustment under certain circumstances.

8. 57,600 8.5% Preferred Shares are held by United States Fire Insurance Company, 88,800 8.5% Preferred Shares are held by The North River Insurance Company and its subsidiaries, 69,000 8.5% Preferred Shares are held by TIG Insurance Company, 496,200 8.5% Preferred Shares are held by Odyssey America Reinsurance Corporation and its subsidiaries, 22,700 8.5% Preferred Shares are held by Falcon Insurance Company (Hong Kong) Ltd., 169,600 8.5% Preferred Shares are held by certain other subsidiaries of Fairfax Financial Holdings Limited and 8,600 8.5% Preferred Shares are held by pension plans of certain other subsidiaries of Fairfax Financial Holdings Limited.

	/s/ Paul Rivett, Vice President and Chief Legal Officer	11/10/2010
	/s/ V. Prem Watsa	11/10/2010
	/s/ V. Prem Watsa, President	11/10/2010
	/s/ V. Prem Watsa, President	11/10/2010
	/s/ V. Prem Watsa, President	11/10/2010
	/s/ Bradley P. Martin, Vice President	11/10/2010
	/s/ Kirk Reische, Vice President	11/10/2010
	/s/ John. J. Bator, Chief Financial Officer	11/11/2010
	** Signature of Reporting Person	Date
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