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SandRidge Permian Trust (OTC: PERS) announced a final distribution of approximately $2.5 million, equating to $0.047 per unit. This payment will be distributed to unitholders of record as of December 13, 2021, with disbursement expected by December 20, 2021. Following this payment, the Trust's units will be cancelled, and the winding-up process will be initiated, anticipated to conclude by year-end. The Trust's cash reserves stood at $3.3 million post-August 2021, with distributable income calculated at approximately $2.47 million, subject to distributions based on production revenues and administrative costs.
SandRidge Permian Trust (PERS) announced a distribution of approximately $9.5 million, equating to $0.182 per unit, for the three-month period ending June 30, 2021. This includes payments from Avalon Energy totaling $3.5 million and $5.6 million from asset sales to Montare Resources. Following the asset sale on July 1, 2021, no further income will be generated, and remaining cash reserves will be used to wind up the Trust, including regulatory filings and potential final distributions. The distribution is expected on or before August 27, 2021.
SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) has declared a quarterly distribution of approximately $1.5 million or $0.028 per unit for the period ending March 31, 2021. This involves oil and gas production revenues and a reimbursement related to property taxes from assets sold by Avalon Energy. The Trust experienced lower sales volumes due to asset sales but benefited from higher average prices for oil and natural gas. Following arbitration, the Trust is set to dissolve and sell its Royalty Interests, with distributions to unitholders expected to fluctuate based on production and pricing.
SandRidge Permian Trust (OTC Pink: PERS) announced a distribution of approximately $3.9 million, equating to $0.075 per unit. This reflects the value from the sale of Royalty Interests linked to properties in the Permian Basin. The distribution is set to occur by February 26, 2021 for holders of record as of February 12, 2021. No distribution will be paid for the three-month period ended December 31, 2020, due to higher costs than revenue. The Trust expects production declines moving forward.
