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Chesapeake Granite Wash Trust reports recurring quarterly distributions on its common units based on production attributable to the Trust’s royalty interests. Its announcements document oil, natural gas and natural gas liquids sales volumes, average realized prices, revenue less production taxes, administrative expenses, cash withheld for reserves and distributable income available to unitholders.
CHKR news is centered on trust-level cash distribution mechanics rather than operating expansion. Reported production periods generally reflect a three-month royalty stream tied to sales timing for oil, natural gas liquids and natural gas.
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.
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.