DALLAS, Feb. 18, 2020 /PRNewswire/ -- Marine
Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a
quarterly cash distribution to the holders of its units of
beneficial interest of $0.065452 per
unit, payable on March 30, 2020, to
unitholders of record on February 28,
2020. Marine's 2019 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/.
This distribution of $0.065452 per
unit is higher than the $0.048759 per
unit distributed last quarter. As compared to the previous quarter,
the volume of both oil and natural gas produced has increased. 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 $0.079880 per unit distributed in the comparable
quarter in 2019. As compared to the comparable quarter in
2019, 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