SandRidge Mississippian Trust I, a statutory trust, engages in the acquisition and holding of royalty interests in specified oil and natural gas properties located in the United States. Properties As of December 31, 2012, the company’s properties consisted of royalty interests in the initial wells, 102 additional wells; and the equivalent of approximately 16 trust development wells to be drilled in the Mississippian formation covering Alfalfa, Garfield, Grant, Major, and Woods counties in Oklahoma. The royalty interests were derived from properties producing from or to be drilled horizontally in the Mississippian formation in Oklahoma. Seasonality Demand for oil and natural gas decreases during the summer months and increases during the winter months. Certain natural gas users utilize natural gas storage facilities and purchase some of their anticipated winter requirements during the summer, which can lessen seasonal demand fluctuations. Seasonal weather conditions and lease stipulations can limit drilling and producing activities and other oil and natural gas operations. These seasonal anomalies can pose challenges for meeting well drilling objectives and can increase competition for equipment, supplies and personnel during the spring and summer months, which could lead to shortages and increased costs or delay operations. Customers The company sells oil and natural gas to various customers, including oil and natural gas companies and trading and energy marketing companies. Its customers include Sunoco, Inc.; Atlas Pipeline Mid-Continent Westok, LLC; and Gavilon, LLC. History SandRidge Mississippian Trust I was founded in 2010.
sandridge mississippian trus
919 Congress Avenue
Austin, TX 78701
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