Market Overview

SandRidge Permian Energy Exploring Sale of Permian Basin Assets

Related PER
Mid-Morning Market Update: Markets Mixed; Merck To Buy Cubist Pharmaceuticals For $102/Share
Kite Pharmaceuticals Releases Positive Non-Hodgkin's Lymphoma Result; iKang Healthcare Disappoints

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters