Volumes, price and distributable income available to unitholders for the period were (dollars in thousands, except per unit):
|Oil (MBbl) (1)||231|
|Oil (per Bbl) (1)||$||93.64|
|Gas (per Mcf)||$||2.34|
|Average Price - including impact of derivative settlements and post-production expenses|
|Oil (per Bbl) (1)||$||98.96|
|Gas (per Mcf)||$||1.80|
|Distributable income available to unitholders||$||24,723|
|Distributable income per unit (49,725,000 units issued and outstanding)||$||0.497200|
|(1)||Includes natural gas liquids.|
In addition to wells that were producing at the effective date of the assignment of the royalty interests to the Trust, SandRidge, pursuant to a development agreement with the Trust, is obligated to drill, or cause to be drilled, the equivalent of 206 development wells, determined by reference to SandRidge’s net revenue interest in a well and the perforated length of the well, in an area of mutual interest by December 31, 2015. In the event of delays, SandRidge will have until December 31, 2016 to fulfill its drilling obligation.
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