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.
Chesapeake Granite Wash Trust (CHKR) announced a quarterly distribution of $0.0467 per common unit for the period ending March 31, 2021, to be paid on June 1, 2021. This payment is based on production from December 1, 2020, through February 28, 2021. The Trust reported total sales volumes of 9 mbbl of oil, 285 mmcf of natural gas, and 31 mbbl of natural gas liquids during this period. Total oil equivalent volumes reached 88 mboe. Revenue less production taxes was $2,359,000, leading to a distributable income of $2,182,000, equating to a calculated distributable income per unit of $0.0467.
Chesapeake Granite Wash Trust (CHKR) announced a common unit distribution of $0.0063 for the quarter ending December 31, 2020, primarily derived from production between September 1 and November 30, 2020. This distribution will be paid on March 1, 2021 to unitholders of record by February 19, 2021. The Trust reported total oil equivalent volumes of 98 mboe and a revenue less production taxes of $898,000, leading to a distributable income of $294,000.
Chesapeake Granite Wash Trust (OTC: CHKR) announced a quarterly distribution of $0.0012 per common unit for the period ending September 30, 2020. This distribution reflects production from June 1 to August 31, 2020, and will be paid on November 30, 2020, to unitholders on record by November 19, 2020. The reported production volumes included 11 mbbl of oil, 355 mmcf of natural gas, and 37 mbbl of natural gas liquids, leading to a total oil equivalent volume of 108 mboe. Distributable income was calculated at $56,000, amounting to $0.0012 per unit.