DALLAS, Feb. 15, 2019 /PRNewswire/ -- Marine
Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a
quarterly cash distribution to the holders of its units of
beneficial interest of $0.079880 per
unit, payable on March 28, 2019, to
unitholders of record on February 28,
2019. Marine's cash distribution history, current and prior
year financial reports, a link to filings made with the Securities
and Exchange Commission and more can be found on its website at
http://www.marps-marine.com/.
This distribution of $0.079880 per
unit is lower than the $0.095933 per
unit distributed last quarter. As compared to the previous quarter,
the volume of oil produced decreased while the volume of natural
gas produced increased. The pricing realized for both oil and
natural gas produced and included in the current distribution
increased. This distribution is slightly higher than the
$0.074791 per unit distributed in the
comparable quarter in 2018. As compared to the comparable
quarter in 2018, the price of oil has increased while the price of
natural gas has decreased. The volume of oil produced and
included in the current distribution decreased compared to this
time last year while the volume of natural gas has increased.
Marine's distributions to unitholders are determined by
royalties received up to the date the distribution amount is
declared. In general, Marine receives royalties two months after
oil production and three months after natural gas production.
Contact:
|
Ron E.
Hooper
|
|
SVP, Royalty Trust
Services
|
|
Simmons Bank,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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SOURCE Marine Petroleum Trust