SandRidge Mississippian Trust II Files 25M IPO

SandRidge (NYSE: SD) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its SandRidge Mississippian Trust II. The proposed maximum offering is 25 million units. SandRidge Mississippian Trust II plans to trade on the New York Stock Exchange under the ticker "SDR."

The offering is being made through Morgan Stanley and Raymond James.

SandRidge Mississippian Trust II is a Delaware statutory trust formed in December 2011 to own (a) overriding royalty interests to be conveyed to the trust by SandRidge in 67 producing horizontal wells, including 13 wells currently awaiting completion, in the Mississippian formation in northern Oklahoma and southern Kansas, and (b) overriding royalty interests in 206 horizontal development wells to be drilled in the Mississippian formation on properties within an Area of Mutual Interest.

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