Welcome to our dedicated page for Chesapeake Grani news (Ticker: CHKR), a resource for investors and traders seeking the latest updates and insights on Chesapeake Grani stock.
Chesapeake Granite Wash Trust (CHKR) issues regular announcements detailing its quarterly cash distributions to common unitholders. These news releases explain how distributions are derived from the Trust’s royalty interests in oil and natural gas properties in the Colony Granite Wash play in Washita County, Oklahoma. Each update provides a snapshot of production volumes, realized prices and the resulting distributable income per unit.
On this page, readers can review news that describes sales volumes for oil, natural gas and natural gas liquids, average prices received per production unit, revenue less production taxes, Trust administrative expenses and cash withheld to increase cash reserves. The Trust’s announcements also show how these elements combine to determine distributable income available to unitholders and the calculated distribution per common unit.
Because the Trust’s revenues and distributions depend on commodity prices, production volumes and administrative expenses, the amounts reported in each release vary from quarter to quarter. The news flow often includes explanations of changes in administrative expenses, adjustments to the cash reserve and, in some cases, amended distribution calculations when actual expenses differ from earlier estimates.
Investors following CHKR news can also see recurring disclosures about U.S. tax withholding rules under IRC Sections 1446 and 1441, as well as references to the Trust’s SEC filings and OTC Markets disclosures for more comprehensive financial information. For anyone tracking income from royalty interests in the crude petroleum and natural gas extraction industry, this news feed offers detailed, period-by-period information on how Chesapeake Granite Wash Trust converts production proceeds into unitholder distributions.
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Chesapeake Granite Wash Trust (CHKR) announced a common unit distribution of $0.0757 for the quarter ended December 31, 2022. This distribution, based on production from September 1, 2022 to November 30, 2022, will be paid on March 1, 2023 to unitholders of record by February 20, 2023. The Trust reported total oil equivalent volumes of 107 mboe, comprising 12 mbbl of oil, 369 mmcf of natural gas, and 33 mbbl of natural gas liquids. Revenue less production taxes was $3,701,000, with a distributable income of $3,537,000.
Chesapeake Granite Wash Trust (CHKR) announced a common unit distribution of $0.0722 for the quarter ended September 30, 2022, expected to be paid on December 1, 2022. This distribution is based on production from June 1, 2022 to August 31, 2022. The Trust reported a total revenue of $4,175,000 after production taxes, resulting in a distributable income of $3,377,000 for the period. The Trust owns royalty interests in oil and gas properties in Oklahoma.
Chesapeake Granite Wash Trust (OTC-PINK:CHKR) announced a common unit distribution of $0.0849 for the quarter ending June 30, 2022, based on production from March 1 to May 31, 2022. The payment is scheduled for August 29, 2022, to unitholders recorded by August 19, 2022. The Trust reported total production of 16 mbbl of oil, 310 mmcf of natural gas, and 40 mbbl of natural gas liquids, translating to total oil equivalent volumes of 108 mboe. The calculation of distributable income indicated $3,968,000 available for unitholders.
Chesapeake Granite Wash Trust (CHKR) announced a quarterly common unit distribution of $0.0540 per unit for the period ending March 31, 2022. This amount represents production attributable to the Trust's royalty interests from December 1, 2021 to February 28, 2022. The distribution will be paid on May 31, 2022, to unitholders recorded by May 20, 2022. The basic calculations show a distributable income of $2,524,000 for the quarter, influenced by sales volumes of oil (14 mbbl), natural gas (304 mmcf), and natural gas liquids (37 mbbl).
Chesapeake Granite Wash Trust (CHKR) has announced a quarterly common unit distribution of $0.0667 for Q4 2021, reflecting production from September 1 to November 30, 2021. This distribution will be paid on March 3, 2022, to unitholders on record by February 21, 2022. The Trust reported revenues of $3,430,000 after production taxes and a total distributable income of $3,120,000 available to unitholders, indicating a focus on maintaining cash reserves for future expenses.
Chesapeake Granite Wash Trust (CHKR) announced a common unit distribution of $0.0496 for the quarter ending September 30, 2021, based on production from June 1 to August 31, 2021. Distribution payments will be made on November 29, 2021, to unitholders of record as of November 19, 2021. During the period, the Trust reported production volumes of 15 mbbl of oil, 361 mmcf of natural gas, and 49 mbbl of natural gas liquids, culminating in total oil equivalent volumes of 124 mboe.
Chesapeake Granite Wash Trust (CHKR) announced a common unit distribution of $0.0373 per unit for the quarter ending June 30, 2021, tied to production from March through May 2021. This distribution will be paid on August 30, 2021, to unitholders on record as of August 19, 2021. The trust reported total production volumes of 14 mbbl of oil, 323 mmcf of natural gas, and 40 mbbl of natural gas liquids, yielding 108 mboe in total oil equivalent. Revenue, net of production taxes, was $2,153,000 for the quarter, with administrative expenses totaling $364,000.