Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager in this offering

About

SandRidge Mississippian Trust I (NYSE:SDT) (the “Trust”) recently completed an initial public offering of 17,250,000 units of its royalty trust interests at a price of $21.00 per unit, generating gross proceeds of $362.3 million. The Trust will deliver the net proceeds to the Trust’s sponsor, SandRidge Energy, Inc., who will use the proceeds to repay borrowings under its credit facility and for general corporate purposes, which may include the funding of the Trust’s drilling obligation.

SandRidge Mississippian Trust I is a Delaware statutory trust formed by SandRidge Energy, Inc. to own certain royalty interests in oil and natural gas wells in northern Oklahoma producing from the Mississippian formation.

SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma, with its principal focus on exploration and production. SandRidge Energy, Inc. focuses its exploration and production activities in the Permian Basin, Mid-Continent, West Texas Overthrust, Cotton Valley Trend in East Texas, Gulf Coast and Gulf of Mexico.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Jim Penilla (314) 445-6536
Energy
Initial Public Offering
Date
April 2011
Company
SandRidge Mississippian Trust I
Transaction
M&A
Sectors
Energy
Target Location
North America

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