SandRidge Permian Trust Announces Quarterly Distribution
SANDRIDGE PERMIAN TRUST (PER)
US:NYSE Investor Relations:
investors.sandridgeenergy.com/investor-relations/sandridge-royalty-trusts/default.aspx
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- SANDRIDGE PERMIAN TRUST (NYSE: PER) today announced a quarterly distribution for the three-month period ended December 31, 2017 (which primarily relates to production attributable to the Trust’s interests from September 1, 2017 to November 30, 2017) of approximately $5.9 million, or $0.113 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 February 23, 2018 to holders of record as of the close of business on February 9, 2018. During the three-month production period ended November 30, 2017, combined sales volumes were slightly lower than the previous period; however, oil 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 remainder of
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