Market Overview

SandRidge Permian Energy Exploring Sale of Permian Basin Assets

Related PER
Mid-Morning Market Update: Markets Edge Lower; Big Lots Earnings Top Views
Mid-Morning Market Update: Markets Fall; Liberty Interactive To Acquire Zulily For $2.4B

SANDRIDGE PERMIAN TRUST (NYSE: PER) announced today that the sponsor of SandRidge Permian Trust, SandRidge Energy, Inc., has announced that it is exploring the sale of its Permian Basin assets, excluding those associated with the trust. SandRidge Energy has informed the Trustee that SandRidge Energy will retain all operations within the trust's area of mutual interest and intends to meet its drilling obligation, and that any sale of SandRidge Energy's Permian assets is not expected to have any impact on the operations and underlying assets of SandRidge Permian Trust.

Posted-In: News Guidance Asset Sales


Related Articles (PER)

Get Benzinga's Newsletters