SandRidge Mississippian Trust I Announces Quarterly Distribution
SandRidge Energy, Inc. (SD)
Last sandridge energy, inc. earnings: 2/21 04:15 pm
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US:NYSE Investor Relations:
investors.sandridgeenergy.com/investor-relations/overview/default.aspx
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--SANDRIDGE MISSISSIPPIAN TRUST I (OTC: SDTTU) today announced a quarterly distribution for the three-month period ended March 31, 2020 (which primarily relates to production attributable to the Trust’s interests from December 1, 2019 to February 29, 2020) of approximately $0.4 million, or $0.0128 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 29, 2020 to holders of record as of the close of business on May 15, 2020.During the three-month production period ended February 29, 2020, average oil prices increased slightly and natural gas and natural gas liquids (“NGL”) prices decreased compared to the three-month period ended November 30, 2019. Combined sales volumes were flat compared to the previous period. As no additional development wells will be drilled, the Trust’s production is expected to decline each quarter during th
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