DALLAS, Nov. 17,
2023 /PRNewswire/ -- Marine Petroleum Trust
(NASDAQ: MARPS) ("Marine") today declared a quarterly cash
distribution to the holders of its units of beneficial interest of
$0.083661 per unit, payable on
December 28, 2023, to unitholders of
record on November 30, 2023.
Marine's 2022 tax information, 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/. Additionally,
printed reports can be requested and are mailed free of charge.
This distribution of $0.083661 per
unit is lower than the $0.121831 per
unit distributed last quarter. This quarter, the volume of
oil produced and included in this distribution increased slightly
while the volume of natural gas produced decreased. The pricing
realized for both oil and natural gas decreased compared to last
quarter. This distribution is lower than the $0.244387 per unit distributed in the comparable
quarter in 2022. As compared to the comparable quarter in
2022, the volumes of both oil and natural gas produced and included
in this distribution and prices realized for both oil and natural
gas have decreased.
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:
|
Jana Egeler
|
|
VP, Royalty Trust
Services
|
|
Argent Trust Company,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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SOURCE Marine Petroleum Trust