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SandRidge Mississippian Trust II Launches Initial Public Offering

OKLAHOMA CITY, April 9, 2012 /PRNewswire/ -- SandRidge Mississippian Trust II (the Trust) announced today that it has commenced an initial public offering of 26,000,000 common units representing a 52% beneficial interest in the Trust, along with 3,900,000 additional common units that may be purchased at the option of the underwriters to cover over-allotments. The initial public offering is being made pursuant to a Registration Statement on Form S-1 and Form S-3 previously filed with the U.S. Securities and Exchange Commission. Following completion of the offering, SandRidge Energy, Inc. (NYSE: SD) (SandRidge), as sponsor of the Trust, will own approximately 11.3 million common units, assuming no exercise of the underwriters' option, and approximately 12.4 million subordinated units convertible into common units,  and the Trust will have a total of 49,725,000 units outstanding. The common units have been approved for listing on the New York Stock Exchange, and will trade under the symbol "SDR."

The Trust will own royalty interests conveyed to it by SandRidge that will entitle the Trust to a percentage of the proceeds received by SandRidge from the production of hydrocarbons from currently producing wells and development wells to be drilled by SandRidge on approximately 53,000 net acres in the Mississippian formation in northern Oklahoma and southern Kansas.

Morgan Stanley & Co. LLC, Raymond James & Associates, Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., and RBC Capital Markets, LLC will serve as joint book-running managers of this offering. UBS Securities LLC, Oppenheimer & Co.Inc., Wunderlich Securities, Inc., Sanders Morris Harris Inc., and Johnson Rice & Company L.L.C. will serve as co-managers. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of the Securities Act of 1933 may be obtained from: 




Morgan Stanley & Co. LLC

Raymond James & Associates, Inc.

BofA Merrill Lynch

Attn:  Prospectus Dept.

Attn: Equity Syndicate

Attn: Prospectus Department

180 Varick Street, 2nd Floor

880 Carillon Parkway

4 World Financial Center

New York, New York  10014

St. Petersburg, Florida 33716

New York, NY 10080

Toll free No.: (866) 718-1649

Toll free No.: (800) 248-8863

Email: dg.prospectus_requests@baml.com

Email: prospectus@morganstanley.com

Email: Andrea.Borum@RaymondJames.com





A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

ABOUT SANDRIDGE MISSISSIPPIAN TRUST II:

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.

ABOUT SANDRIDGE ENERGY, INC.:

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.

FORWARD-LOOKING STATEMENTS

Statements contained in this press release that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements, including statements regarding the completion of the proposed initial public offering of the Trust and any of the terms thereof, are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by the management of SandRidge Energy, Inc.

CONTACT:

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.