OKLAHOMA CITY, April 22, 2021 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE:SD) (the "Company") today announced the acquisition of all the overriding royalty interest assets of SandRidge Mississippian Trust I (the "Trust"). The gross purchase price is $4.85 million (net $3.55 million, given the Company's 26.9% ownership of the Trust) ("the Acquisition"). At the current strip and based on historical production trends, the Company believes the Acquisition represents an attractive price-to-value, approximating PDP PV-55 and a 2-year cash-on-cash payback.