Live Breaking News & Updates on Sandridge permian trust

Stay informed with the latest breaking news from Sandridge permian trust on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Sandridge permian trust and stay connected to the pulse of your community

SandRidge Permian Trust Announces Quarterly Distribution and Distribution of Net Asset Sale Proceeds in August 2021

SandRidge Permian Trust Announces Quarterly Distribution and Distribution of Net Asset Sale Proceeds in August 2021
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

United-states , Texas , Sarah-newell , Sandridge-permian , Montare-resources , Group-of-the , Exchange-commission , York-mellon-trust-company , Oil-mbbl , Company-distribution-amount , Securities-exchange , Current-report-on-form

SandRidge Permian Trust Announces Quarterly Distribution


Share:
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.

New-york , United-states , Delaware , State-of-delaware , Washington , National-association-wafed , Sandridge-permian , Montare-resources , Quarterly-report-on-form , Exchange-commission , York-mellon-trust-company

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 disclosed in the Trust’s Form 10-Q for the quarterly period ended September 30, 2020. The distribution is expected to occur on or before February 26, 2021 to holders of record as of the close of business on February 12, 2021.

Saudi-arabia , United-states , Russia , Texas , Sarah-newell , Sandridge-permian , Exchange-commission , Oil-mbbl , York-mellon-trust-company , Securities-exchange , Overriding-royalty-interests , Texas-the-underlying-properties-to-montare-resources