SandRidge Mississippian Trust I (SDTTU)

Overview

SandRidge Mississippian Trust I is a statutory trust established with the specific purpose of holding royalty interests in oil and natural gas properties. These properties are strategically located in the Mississippian formation, spanning across Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. The trust, which was incorporated in 2010, has its foundation built on the acquisition of royalty interests in wells that are already producing, as well as in additional wells that were subsequently drilled and perforated. With its corporate headquarters in Houston, Texas, SandRidge Mississippian Trust I represents a focused endeavor into the development and monetization of natural resources within a well-defined geographical and geological scope as of the end of the financial year on December 31, 2020.

Products and Services

• Royalty Interests in Initial Wells

This service refers to the trust's holding of royalty interests in the Initial Wells within the outlined territories in Oklahoma. Royalty interests allow the trust to receive a portion of the production or revenue without the responsibilities associated with the operation or maintenance of the oil and natural gas wells.

• Royalty Interests in Additional Drilled and Perforated Wells

In addition to the initial wells, SandRidge Mississippian Trust I expanded its portfolio to include 121 additional wells that were drilled and perforated. This extension signifies the trust's active involvement in scaling its investments and interests within the Mississippian formation, diversifying its revenue streams from various production sites.