SandRidge Permian Trust announced a distribution of approximately $3.9 million, or $0.075 per unit, reflecting the fair value to the Trust, less cash reserves withheld by the Trust, received by the Trust for the portion of the Trust’s Overriding Royalty Interests (‘Royalty Interests’) required to be released upon the sale by Avalon Energy, LLC (‘Avalon’) of wells and related assets associated with specified oil and natural gas, properties situated in the Central Basin Platform of the Permian Basin in Andrews County, Texas (the ‘Underlying Properties’) to Montare Resources I, LLC (‘Montare’) on October 13, 2020 (the ‘Montare sale’). The distribution is expected to occur on or before February 26, 2021 to holders of record as of the close of business on February 12, 2021.