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SandRidge Permian Trust Announces Quarterly Distribution


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SANDRIDGE PERMIAN TRUST (OTC:PERS) today announced a quarterly distribution for the three-month period ended March 31, 2021 of approximately $1.5 million, or $0.028 per unit. This distribution relates in part to oil and gas production attributable to the Trust s royalty interests from December 1, 2020 to February 28, 2021, as well as to (1) a reimbursement by Montare Resources I, LLC ( Montare ) of a portion of property taxes attributable to assets sold by Avalon Energy, LLC ( Avalon ) to Montare in October 2020 and (2) the distribution Avalon received in March 2021 and returned to the Trust pursuant to the terms of the Repayment Agreement described below. 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 28, 2021 to holders of record as of the close of business on May 14, 2021. ....

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SandRidge Permian Trust Announces Distribution of Net Asset Sale Proceeds in February 2021


Press release content from Business Wire. The AP news staff was not involved in its creation.
SandRidge Permian Trust Announces Distribution of Net Asset Sale Proceeds in February 2021
February 1, 2021 GMT
HOUSTON (BUSINESS WIRE) Feb 1, 2021
SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today announced a distribution of approximately $3.9 million, or $0.075 per unit, reflecting the fair value to the Trust, less cash reserves withheld by the Trust as described below, received by the Trust for the portion of the Trust’s Overriding Royalty Interests (“ Royalty Interests ”) required to be released upon the sale by Avalon Energy, LLC (“ Avalon ”) of wells and related assets associated with specified oil and natural gas, properties situated in the Central Basin Platform of the Permian Basin in Andrews County, Texas (the “ Underlying Properties ”) to Montare Resources I, LLC (“ Montare ”) on October 13, 2020 (the “ Montare sale ”), as previously disclose ....

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