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Sandridge Mississippian Trust

SandRidge Mississippian Trust I (SDT) is a type of public company listed on the US stock exchange, specifically on the New York Stock Exchange (NYSE). It is a trust, not a corporation, that was established in 2010 as a conveyance of a portion of SandRidge Energy's interests in certain oil and natural gas properties located in the Mississippian formation in northwestern Oklahoma and southern Kansas.

The Trust was created to own a net profits interest (NPI) and a royalty interest (ROY) in oil and natural gas properties. The NPI entitles the Trust to receive 80% of the profits from the sale of oil and natural gas production from the underlying properties, while the ROY entitles the Trust to receive 90% of the revenues from the sale of oil and natural gas production from the underlying properties.

The Trust's assets are comprised of undeveloped acreage, producing wells, and future development locations. The Trust's revenues are generated from the sale of oil and natural gas production from these assets. The Trust distributes its net profits to unitholders on a quarterly basis.

Investing in SandRidge Mississippian Trust I is considered high risk due to the volatility of oil and gas prices and the Trust's dependence on production from a single geographic area. Additionally, the Trust has a finite life, as it is scheduled to terminate on December 31, 2029.

It is always recommended to do thorough research and consider seeking advice from a financial advisor before investing in any company.