DALLAS, Aug. 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 $0.085500 per
unit, payable on September 30, 2019,
to unitholders of record on August
30, 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 $0.085500 per
unit is higher than the $0.059910 per
unit distributed last quarter. As compared to the previous quarter,
the volume of oil produced has decreased while the volume of
natural gas produced increased significantly. The pricing realized
for oil produced and included in the current distribution increased
while pricing realized for natural gas decreased. This
distribution is lower than the $0.090111 per unit distributed in the comparable
quarter in 2018. As compared to the comparable quarter in
2018, the price realized for oil has increased while the price
realized for natural gas has decreased. The volume of oil
produced and included in the current distribution has decreased
while the volume of natural gas has increased 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