DALLAS, May 20, 2024
/PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine")
today declared a quarterly cash distribution to the holders of its
units of beneficial interest of $0.055961 per unit, payable on June 28, 2024, to unitholders of record on
May 31, 2024. Marine's 2023 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 $0.055961 per
unit is lower than the $0.101611 per
unit distributed last quarter. Volumes of both oil and
natural gas produced this quarter increased while the price
realized on both oil and natural gas included in this distribution
have decreased. This distribution is lower than the $0.110168 per unit distributed in the comparable
quarter in 2023. As compared to the comparable quarter in
2023, the volume of oil produced decreased this year while
production for natural gas increased. As compared to the comparable
quarter in 2023, the price 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
|
View original
content:https://www.prnewswire.com/news-releases/marine-petroleum-trust-announces-second-quarter-cash-distribution-302148293.html
SOURCE Marine Petroleum Trust