SandRidge Permian Trust Announces Proposed Sale of Permian Assets by SandRidge Energy Not Expected to Affect SandRidge Permian

  SandRidge Permian Trust Announces Proposed Sale of Permian Assets by
  SandRidge Energy Not Expected to Affect SandRidge Permian Trust

Business Wire

AUSTIN, Texas -- November 13, 2012

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.

This press release contains statements that are “forward-looking statements”
within the meaning of Section21E of the Securities Exchange Act of 1934, as
amended. All statements contained in this press release, other than statements
of historical facts, are “forward-looking statements” for purposes of these
provisions. These forward-looking statements include the statements regarding
any future actions by SandRidge Energy. Statements made in this press release
are qualified by the cautionary statements made in this press release. Neither
SandRidge nor the Trustee intends, and neither assumes any obligation, to
update any of the statements included in this press release. An investment in
Common Units issued by SandRidge Permian Trust is subject to the risks
described in the Trust’s Annual Report on Form 10-K for the year ended
December31, 2011, and all of its other filings with the SEC. The Trust’s
quarterly and other filed reports are or will be available over the Internet
at the SEC’s web site athttp://www.sec.gov.

Contact:

SandRidge Permian Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell, 1-512-236-6531
 
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