The Gulf Coast Ultra Deep Royalty Trust (GULTU) has announced a cash distribution of $32,589 for the quarter ending March 31, 2021. Unitholders on record as of April 30, 2021, will receive $0.000142 per unit on May 14, 2021. The Trust reported natural gas sales volumes of 111,410 Mcf at an average sales price of $2.51 per Mcf. Gross proceeds were $280,170 with post-production costs of $41,987. Royalty income was $238,183, while administrative expenses totaled $205,602.
The Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) announced a cash distribution of $71,252 for the quarter ending December 31, 2020. Unitholders on record as of January 29, 2021, will receive $0.000310 per unit on February 12, 2021. Highlights from the quarter include natural gas sales volumes of 114,815 Mcf, an average sales price of $2.03 per Mcf, and gross proceeds of $232,510. After accounting for post-production costs and administrative expenses, the income available for distribution totaled $71,252.