Volumes, price and distributable income available to unitholders for the period were (dollars in thousands, except per unit):
|Oil (MBbl) (1)||102|
|Oil (per Bbl) (1)||$||92.21|
|Gas (per Mcf)||$||4.04|
|Average Price - including impact of derivative settlements and post-production expenses|
|Oil (per Bbl) (1)||$||91.79|
|Gas (per Mcf)||$||3.54|
|Distributable income available to unitholders||$||12,660|
|Distributable income per Common Unit (21,000,000 units issued and outstanding)||$||0.6029|
|Distributable income per Subordinated Unit (7,000,000 units issued and outstanding)||$||0.0000|
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 drilled, or caused to be drilled, 124 development wells within an area of mutual interest between January 1, 2011 and June 2013. Pursuant to a development agreement with the Trust, SandRidge was obligated to drill the development wells, determined by reference to SandRidge’s net revenue interest in a well and the perforated length of the well, by December 31, 2015.
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