DALLAS, May 19, 2023
/PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine")
today declared a quarterly cash distribution to the holders of its
units of beneficial interest of $0.110168 per unit, payable on June 28, 2023, to unitholders of record on
May 31, 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 $0.110168
unit is lower than the $0.159312 per
unit distributed last quarter. This quarter, volumes of both
oil and natural gas produced and included in this distribution and
the price realized for both oil and natural gas have decreased.
This distribution is lower than the $0.197500 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 when 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.
SVP, Royalty Trust
Argent Trust Company,
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SOURCE Marine Petroleum Trust