DALLAS, Nov. 18, 2022 /PRNewswire/ -- Marine Petroleum
Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash
distribution to the holders of its units of beneficial interest of
$0.244387 per unit, payable on
December 28, 2022, to unitholders of
record on November 30, 2022. Marine's
2021 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 $0.244387 per
unit is lower than the $0.261822 per
unit distributed last quarter. Volumes of both oil and natural gas
produced this quarter decreased while the price realized on both
oil and natural gas and included in this distribution have
increased. This distribution is higher than the $0.106743 per unit distributed in the comparable
quarter in 2021. As compared to the comparable quarter in 2021, the
volume of oil produced and the price realized for both oil and
natural gas have increased while the volume of natural gas produced
and included in the current distribution 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:
Ron E. Hooper
SVP, Royalty Trust Services
Simmons Bank, Trustee
Toll Free – 1.855.588-7839
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SOURCE Marine Petroleum Trust