SandRidge Mississippian Trust I Announces Quarterly Distribution
SANDRIDGE MISSISSIPPIAN (SDT)
US:NYSE Investor Relations:
investors.sandridgeenergy.com/investor-relations/sandridge-royalty-trusts/default.aspx
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- SANDRIDGE MISSISSIPPIAN TRUST I (NYSE: SDT) today announced a quarterly distribution for the three-month period ended March 31, 2018 (which primarily relates to production attributable to the Trust’s interests from December 1, 2017 to February 28, 2018) of approximately $1.4 million, or $0.0488 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. The distribution is expected to occur on or before May 25, 2018 to holders of record as of the close of business on May 11, 2018. During the three-month production period ended February 28, 2018, combined sales volumes were slightly higher than the previous period. In addition, oil, natural gas and natural gas liquids (“NGL”) prices increased. As no additional development wells will be drilled, the Trust’s production is expected to decline each quarter during the
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