SandRidge Permian Trust Announces Sale of Underlying Properties by SandRidge Energy, Inc.
05 Noviembre 2018 - 3:15PM
Business Wire
SANDRIDGE PERMIAN TRUST (NYSE: PER) today announced that
on November 1, 2018, SandRidge Energy, Inc. (“SandRidge”) sold
all of its interests in the oil and natural gas properties
underlying the Trust and all of its outstanding Trust units to
Avalon Energy, LLC (“Avalon”), a Texas limited liability company.
In connection with the transaction, Avalon assumed all of
SandRidge's obligations under the Amended and Restated Trust
Agreement and the Administrative Services Agreement between
SandRidge and the Trust.
The Trust expects to continue in the normal course without
disruption to the unitholders, and the resulting sale is not
expected to have an impact on the operations and future
distributions of the Trust.
This press release contains statements that are “forward-looking
statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
contained in this press release, other than statements of
historical facts, are “forward-looking statements” for purposes of
these provisions. Important factors that could cause actual results
to differ materially include expenses of the Trust and reserves for
anticipated future expenses. Statements made in this press release
are qualified by the cautionary statements made in this press
release. Neither SandRidge nor the Trustee intends, and neither
assumes any obligation, to update any of the statements included in
this press release. An investment in Common Units issued by
SandRidge Permian Trust is subject to the risks described in the
Trust’s Annual Report on Form 10-K for the year ended
December 31, 2017, and all of its other filings with the SEC.
The Trust’s quarterly and other filed reports are or will be
available over the Internet at the SEC’s website at
http://www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20181105005906/en/
SandRidge Permian TrustThe Bank of New York Mellon
Trust Company, N.A., as TrusteeSarah Newell,
1-512-236-6555
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