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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