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Covington Advises SandRidge Energy, Inc. on Royalty Trust Public Offering

April 13, 2011

WASHINGTON, DC, April 13, 2011 — SandRidge Mississippian Trust I has announced the closing of its public offering of 17.25 million common units of beneficial interest, at a price per unit of $21.00. The 17.25 million units represent an approximately 62 percent beneficial interest in the Trust.  Covington & Burling LLP served as counsel to SandRidge Energy, Inc. on the transaction.

SandRidge Mississippian Trust I is a Delaware statutory trust formed by SandRidge Energy, Inc. to own certain royalty interests in oil and natural gas wells in northern Oklahoma producing from the Mississippian formation.

The Covington team was led by partner David Engvall, with associates James Wawrzyniak, Elizabeth DeYoung, and Neel Maitra*.  New York partner Rob Heller and associate Rucia Pei provided tax advice.

*Not yet admitted to practice.

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