SandRidge Mississippian Trust II Announces Closing of Initial Public Offering, Including Exercise of Over-Allotment Option

SandRidge Mississippian Trust II Announces Closing of Initial Public Offering,
                 Including Exercise of Over-Allotment Option

PR Newswire

OKLAHOMA CITY, April 23, 2012

OKLAHOMA CITY, April 23, 2012 /PRNewswire/ -- SandRidge Mississippian Trust II
(the Trust) announced today that it has closed its initial public offering of
29,900,000 common units, including 3,900,000 common units sold pursuant to the
exercise of the underwriters' over-allotment option, representing a 60%
beneficial interest in the Trust. SandRidge Energy, Inc. (NYSE: SD)
(SandRidge), as sponsor of the Trust, owns approximately 7.4 million common
units and approximately 12.4 million subordinated units convertible into
common units. The Trust has a total of 49,725,000 trust units outstanding.
The common units trade on the New York Stock Exchange under the symbol "SDR."

Gross proceeds of the transaction, before the underwriting discount, were
approximately $628 million. Before payment of offering expenses, SandRidge
received approximately $590 million as partial consideration for the
conveyance of the royalty interests held by the Trust.

Morgan Stanley & Co. LLC, Raymond James & Associates, Inc., BofA Merrill
Lynch, Citigroup Global Markets Inc., and RBC Capital Markets, LLC served as
joint book-running managers of the offering. UBS Securities LLC, Oppenheimer &
Co. Inc., Wunderlich Securities, Inc., Sanders Morris Harris Inc., and Johnson
Rice & Company L.L.C. served as co-managers. The offering of common units was
made only by means of a prospectus, and the sale of the Trust's common units
was made pursuant to an effective Registration Statement previously filed with
the U.S. Securities and Exchange Commission. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any jurisdiction where the offer or
sale is not permitted.

A written prospectus meeting the requirements of the Securities Act of 1933
may be obtained from:

                              Raymond James & Associates,   BofA Merrill Lynch
Morgan Stanley & Co. LLC      Attn: Equity Syndicate        Attn: Prospectus Department
                              c/o Raymond James &
Attn: Prospectus Dept.       Associates, Inc.              4 World Financial Center
180 Varick Street, 2nd Floor  880 Carillon Parkway
New York, New York 10014     St. Petersburg, Florida 33716 New York, NY 10080
Email:                        Toll free No.: (800) 248-8863 Email:                       Email:


SandRidge Mississippian Trust II is a Delaware statutory trust formed by
SandRidge Energy, Inc. to own certain royalty interests in oil and natural gas
wells in the Mississippian formation in northern Oklahoma and southern Kansas.


SandRidge Energy, Inc. is an oil and natural gas company headquartered in
Oklahoma City, Oklahoma with its principal focus on exploration and
production. SandRidge and its subsidiaries also own and operate gas gathering
and processing facilities and CO2 treating and transportation facilities and
conduct marketing and tertiary oil recovery operations. In addition, Lariat
Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a
drilling rig and related oil field services business. SandRidge focuses its
exploration and production activities in the Mid-Continent, Permian Basin,
West Texas Overthrust, Gulf Coast and Gulf of Mexico. 

Kevin R. White
Senior Vice President
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
+1 (405) 429-5515

Michael J. Ulrich, Vice President
The Bank of New York Mellon Trust Company, N.A.,
as Trustee of SandRidge Mississippian Trust II
919 Congress Avenue, Suite 500
Austin, TX 78701
+1 (512) 236-6599

SOURCE SandRidge Energy, Inc.
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