DALLAS, Nov. 18, 2019 /PRNewswire/ -- Marine Petroleum
Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash
distribution to the holders of its units of beneficial interest of
$0.048759 per unit, payable on
December 30, 2019, to unitholders of
record on November 29, 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 $0.048759 per
unit is lower than the $0.085500 per
unit distributed last quarter. As compared to the previous quarter,
the volume of both oil and natural gas produced has decreased. The
price realized for both oil and natural gas produced and included
in the current distribution decreased compared to the previous
quarter. This distribution is lower than the $0.095933 per unit distributed in the comparable
quarter in 2018. As compared to the comparable quarter in
2018, the price realized for both oil and 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