SANDRIDGE MISSISSIPPIAN TRUST I (NYSE:SDR) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
Attached as Exhibit 99.1 is a press release issued on behalf of the Registrant. The information furnished is not deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 2.02. Financial Statements and Exhibits.
Press Release dated October 26, 2017.
SandRidge Mississippian Trust I ExhibitEX-99.1 2 sdt3q17exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 SandRidge Mississippian Trust I Announces Quarterly DistributionSANDRIDGE MISSISSIPPIAN TRUST I The Bank of New York Mellon Trust Company,…To view the full exhibit click
About SANDRIDGE MISSISSIPPIAN TRUST I (NYSE:SDR)
SandRidge Mississippian Trust II is a statutory trust. The royalty interests conveyed by SandRidge Energy, Inc. (SandRidge) from its interests in certain properties in the Mississippian formation in northern Oklahoma and southern Kansas and held by the Trust are referred to as the Royalty Interests. The Trust holds Royalty Interests in specified oil and natural gas properties. The Royalty Interests entitle the Trust to receive approximately 80% of the proceeds from the sale of oil, natural gas and natural gas liquids (NGLs) production attributable to SandRidge’s net revenue interest in approximately 50 wells producing and over 10 additional wells awaiting (together, the Initial Wells), and over 70% of the proceeds from the sale of oil, natural gas and NGL production attributable to SandRidge’s net revenue interest in approximately 200 horizontal oil and natural gas development wells drilled (the Trust Development Wells) within an area of mutual interest (AMI).