DALLAS, May 20, 2022
/PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine")
today declared a quarterly cash distribution to the holders of its
units of beneficial interest of $0.197500 per unit, payable on June 28, 2022, to unitholders of record on
May 31, 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 $0.197500 per
unit is higher than the $0.107485 per
unit distributed last quarter. As compared to the previous quarter,
the volume of oil produced and included in this distribution
decreased slightly while the volume of natural gas has
increased. The price realized for oil produced and included
in the current distribution increased this quarter while the price
for natural gas decreased. This distribution is higher than the
$0.028228 per unit distributed in the
comparable quarter in 2021. As compared to the comparable
quarter in 2021, the volumes of both oil and natural gas produced
and included in the current distribution and the price realized for
both oil and natural gas have increased.
Also included in this quarter's distribution is the Final
Distribution from Marine's investment in Tidelands Royalty Trust
"B" in the amount of $93,134.47,
received as of February 14,
2022.
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 EHooper
|
|
SVP, Royalty Trust
Services
|
|
Simmons Bank,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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content:https://www.prnewswire.com/news-releases/marine-petroleum-trust-announces-second-quarter-cash-distribution-301551410.html
SOURCE Marine Petroleum Trust