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

Sales Volumes  
Oil (MBbl) (1) 170
Gas (MMcf) 1,462
Combined (MBoe) 413
Average Price
Oil (per Bbl) (1) $ 95.86
Gas (per Mcf) $ 3.32
Average Price - including impact of derivative settlements and post-production expenses
Oil (per Bbl) (1) $ 98.32
Gas (per Mcf) $ 4.04
Revenues
Royalty income $ 21,124
Derivative settlements 2,260
Expenses   1,290
 
Income available for distribution prior to incentive calculation 22,094
Less: Incentive distribution to SandRidge   57
 
Distributable income available to unitholders $ 22,037
 
Distributable income per unit (28,000,000 units issued and outstanding) $ 0.787033
(1)   Includes natural gas liquids.

In addition to the initial producing wells, 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, 2014. In the event of delays, SandRidge will have until December 31, 2015 to fulfill its drilling obligation.

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