SandRidge Mississippian Trust II, formed by SandRidge to own oil and natural gas wells in the Mississippian formation, registered with the SEC for a $604 million initial public offering on Thursday. The Austin, TX based trust owns royalty interests in 67 producing horizontal wells and 206 horizontal development wells. Morgan Stanley and Raymond James have been selected to manage the offering, and the stock is expected to list on the New York Stock Exchange under the symbol SDR.
SandRidge Energy previously spun off SandRidge Mississippian Trust I (SDT) in April 2011 and SandRidge Permian Trust (PER) in August 2011.
