DALLAS, Aug. 21,
2023 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ:
MARPS) ("Marine") today declared a quarterly cash distribution to
the holders of its units of beneficial interest of $0.121831 per unit, payable on September 28, 2023, to unitholders of record on
August 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 $0.121831 per
unit is slightly higher than the $0.110168 per unit distributed last quarter. This
quarter, volumes of both oil and natural gas produced and included
in this distribution have increased while the price realized for
both oil and natural gas have decreased. This distribution is lower
than the $0.261822 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.
Contact:
|
Ron E.
Hooper
|
|
SVP, Royalty Trust
Services
|
|
Argent Trust Company,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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SOURCE Marine Petroleum Trust