Investing.com
Published Apr 05, 2024 14:14
This distribution reflects primarily the oil production for
This month's distribution is greater than the previous month's primarily due to an increase in oil and gas production. This was offset somewhat by decreased oil and gas prices.
The table below compares this month's production and prices to the previous month's: | ||||||||||
Net to Trust Sales | ||||||||||
Volumes (a) | Average Price (a) | |||||||||
Oil (bbls) |
Gas (Mcf) | Oil (per bbl) | Gas (per Mcf) | |||||||
Current Month | 64,623 | 1,542,894 | ||||||||
Prior Month | 48,104 | 1,046,545 | ||||||||
(a) Sales volumes are recorded in the month the Trust receives and identifies the related royalty income. Because of this, sales volumes and pricing may fluctuate from month to month based on the timing of cash receipts.
Revenues are only distributed after they are received, verified, and posted. Most energy companies normally issue payment of royalties on or about the 25th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month. The revenues received after that date will be posted within 30 days of receipt.
Due to the timing of the end of the month of March, approximately
Approximately
The 2023 Annual Report with Form 10-K and the
Written By: Investing.com
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