This has a lot of short term potential 3+ months
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was incorporated in 1956 and is based in Dallas, Texas.
In the News
DALLAS, Aug. 19, 2022 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.261822 per unit, payable on September 28, 2022, to unitholders of record on August 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 www.marps-marine.com/. Additionally, printed reports can be requested and are mailed free of charge.
This distribution of $0.261822 per unit is higher than the $0.197500 per unit distributed last quarter, as the volumes produced of and price realized on both oil and natural gas included in this distribution increased this quarter. This distribution is higher than the $0.064312 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.
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.
Invest at your own risk
In the News
DALLAS, Aug. 19, 2022 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.261822 per unit, payable on September 28, 2022, to unitholders of record on August 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 www.marps-marine.com/. Additionally, printed reports can be requested and are mailed free of charge.
This distribution of $0.261822 per unit is higher than the $0.197500 per unit distributed last quarter, as the volumes produced of and price realized on both oil and natural gas included in this distribution increased this quarter. This distribution is higher than the $0.064312 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.
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.
Invest at your own risk