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SandRidge Mississippian Trust II Announces Distribution Of $0.532557 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) 227
Gas (MMcf) 1,758
Combined (MBoe) 521
Average Price
Oil (per Bbl) (1) $ 84.45
Gas (per Mcf) $ 3.20
Average Price - including impact of derivative settlements and post-production expenses
Oil (per Bbl) (1) $ 101.20
Gas (per Mcf) $ 2.64
Revenues
Royalty income $ 24,843
Derivative settlements 3,809
Expenses   2,171
Distributable income available to unitholders

$

26,481

Distributable income per unit (49,725,000 units issued and outstanding) $ 0.532557
(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, 2016.

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