About SandRidge (adapted from SandRidge prospectus): SandRidge Mississippian Trust II is a Delaware statutory trust formed in December 2011 to own overriding royalty interests to be conveyed to the trust by SandRidge in 67 producing horizontal wells in the Mississippian formation in northern Oklahoma and southern Kansas, and in 206 horizontal development wells to be drilled in the Mississippian formation on properties within an Area of Mutual Interest (the "AMI"). SandRidge intends to drill, or cause to be drilled, the Development Wells in the AMI by December 31, 2015 and is obligated to complete such drilling by December 31, 2016. Until SandRidge has satisfied its drilling obligation to the trust, it will not be permitted to drill and complete any wells for its own account within the AMI.
This description is adapted from SandRidge prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..
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