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SandRidge Permian Trust Announces Distribution Of $0.625203 Per Unit

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

     
Sales Volumes
Oil (MBbl) (1) 403
Gas (MMcf) 110
Combined (MBoe) 421
Average Price
Oil (per Bbl) (1) $ 78.17
Gas (per Mcf) $ 2.22
Average Price - including impact of derivative settlements and post-production expenses
Oil (per Bbl) (1) $ 88.33
Gas (per Mcf) $ 1.97
Revenues
Royalty income $ 31,731
Derivative settlements 4,093
Expenses   3,001
Distributable income available to unitholders $ 32,823
Distributable income per unit (52,500,000 units issued and outstanding) $ 0.625203
(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 888 development wells, determined by reference to SandRidge’s net revenue interest in a well, in an area of mutual interest on or before March 31, 2016.

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