SandRidge trusts sink after sales volumes fall short of estimates

|About: SandRidge Mississippian Tru... (SDT)|By:, SA News Editor

SandRidge Mississippian trusts I and II (SDT; SDR) sink premarket after reporting last night that during the three-month production period ended Aug. 31, total sales volumes finished below initial Trust estimates: I, II.

SDT/SDR says the shortfall was due to lower oil volumes, partially offset by higher natural gas production; the production drop from the previous period mainly was driven by the completion of the drilling obligation which occurred in the previous period.

SDT -3.9%, SDR -5.9% premarket.