DALLAS, Nov. 19, 2018 /PRNewswire/ -- Marine
Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a
quarterly cash distribution to the holders of its units of
beneficial interest of $0.095933 per
unit, payable on December 28, 2018,
to unitholders of record on November
30, 2018. 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 $0.095933 per
unit is slightly higher than the $0.090111 per unit distributed last quarter. As
compared to the previous quarter, the volumes of both oil and
natural gas decreased. The price of oil produced and included in
the current distribution increased while the price for natural gas
produced and included in the current distribution decreased
slightly. This distribution is higher than the $0.053238 per unit distributed in the comparable
quarter in 2017. As compared to the comparable quarter in
2017, the price of oil has increased while the price of natural gas
has decreased. Volumes of 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