DALLAS, Aug. 21, 2018 /PRNewswire/ -- Marine Petroleum
Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash
distribution to the holders of its units of beneficial interest of
$0.090111 per unit, payable on
September 28, 2018, to unitholders of
record on August 31, 2018.
Marine's 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 $0.090111 per
unit is slightly lower than the $0.092879 per unit distributed last quarter. As
compared to the previous quarter, the volumes of both oil and
natural gas decreased while the price of oil produced and included
in the current distribution increased. The price for natural
gas produced and included in the current distribution remained
virtually unchanged. This distribution is lower than the
$0.126284 per unit distributed in the
comparable quarter in 2017. As compared to the comparable
quarter in 2017, the prices of both oil and natural gas have
increased while the volumes of oil and natural gas produced and
included in the current distribution 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:
|
Ron E.
Hooper
|
|
SVP, Royalty Trust
Services
|
|
Simmons Bank,
Trustee
|
|
Toll Free –
1.855.588-7839
|
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SOURCE Marine Petroleum Trust