For IPO Boutique's "scale of 1 to 5" BUY rating on SandRidge Mississippian Trust II, and our comprehensive analysis, click the "Buy Market Research" link.
About SandRidge Mississippian Trust II (adapted from SandRidge Mississippian Trust II 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. To see the company's full description, view their prospectus..
Share this IPO Profile:
IPO Boutique aggregates information on public companies and private companies, such as SandRidge "SDR" IPO, which is intended to educate our readers and help them evaluate potential investment opportunities and market conditions. We endeavor to research the financial industry and obtain independent verification of factual statements before presenting them to our users. Be informed.