DALLAS, May 20, 2019 /PRNewswire/ -- Marine
Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a
quarterly cash distribution to the holders of its units of
beneficial interest of $0.059910 per
unit, payable on June 28, 2019, to
unitholders of record on May 31,
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 $0.059910 per
unit is lower than the $0.079880 per
unit distributed last quarter. As compared to the previous quarter,
the volume of oil produced increased while the volume of natural
gas produced decreased. The pricing realized for oil produced and
included in the current distribution decreased while pricing
realized for natural gas slightly increased. This
distribution is lower than the $0.092879 per unit distributed in the comparable
quarter in 2018. As compared to the comparable quarter in
2018, the prices for both oil and natural gas have increased.
The volumes for both oil and natural gas produced and included in
the current distribution have decreased compared to this time last
year.
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