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SandRidge Mississippian Trust I Announces Distribution Of $0.683076 Per Unit

Stocks in this article: SDT

Volumes, price and distributable income available to unitholders for the period were (dollars in thousands, except per unit):

 
Sales Volumes
Oil (MBbl) (1) 154
Gas (MMcf) 1,567
Combined (MBoe) 415
Average Price
Oil (per Bbl) (1) $ 83.66
Gas (per Mcf) $ 2.98
Average Price - including impact of derivative settlements and post-production expenses
Oil (per Bbl) (1) $ 95.46
Gas (per Mcf) $ 3.13
Revenues
Royalty income $ 17,539
Derivative settlements 2,908
Expenses   1,321
 
Distributable income available to unitholders $ 19,126
 
Distributable income per unit (28,000,000 units issued and outstanding) $ 0.683076
(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 123 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.

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