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Oil & Gas Production
SandRidge Permian Trust is to acquire and holds royalty interests for the benefit of trust unit holders. It was formed by SandRidge Energy, Inc. to own certain royalty interests in underlying properties consisting of SandRidge's interests in specified oil and natural gas properties located in the Permian Basin in Andrews County, Texas. The royalty interest in the development wells entitles the trust to receive majority of the proceeds from the sale of oil, natural gas and natural gas liquids production. SandRidge Permian Trust was founded on May 12, 2011 and is headquartered in Austin, TX.
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