Welcome to our dedicated page for Marine Petroleum news (Ticker: MARPS), a resource for investors and traders seeking the latest updates and insights on Marine Petroleum stock.
Marine Petroleum Trust (MARPS) provides investors with centralized access to official news and regulatory filings related to its Gulf of Mexico oil and gas royalty operations. This resource delivers timely updates on cash distributions, production royalties, and operational developments affecting the trust.
Investors can track quarterly royalty payments, regulatory disclosures, and strategic updates through verified press releases. The archive maintains historical context while emphasizing current developments in offshore energy markets relevant to MARPS unitholders.
Key updates include distribution announcements, production area expansions, and compliance filings with Louisiana regulatory bodies. Content is curated to reflect the trust's unique position in energy finance without speculative commentary.
Bookmark this page for direct access to MARPS' official communications and third-party analyses vetted for factual accuracy. Regular updates ensure stakeholders maintain current understanding of royalty payment structures and Gulf production trends.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.244387 per unit, payable on December 28, 2022. This distribution is lower than the previous quarter's $0.261822 but higher than $0.106743 in the same quarter last year. The company noted a decrease in oil and natural gas production volumes, although realized prices for both increased. Distributions are based on royalties received up to the declaration date, with a time lag in receiving royalties from production.
Marine Petroleum Trust (NASDAQ: MARPS) has declared a quarterly cash distribution of $0.261822 per unit, set to be paid on September 28, 2022, with a record date of August 31, 2022. This amount is an increase from the previous quarter's distribution of $0.197500 and also surpasses the $0.064312 distributed in the same quarter of 2021. The increase is attributed to higher production volumes and realized prices for oil and natural gas compared to prior periods.
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.197500 per unit, payable on June 28, 2022. This is an increase from $0.107485 distributed last quarter and $0.028228 in the same quarter of 2021. Oil production volume slightly decreased, while natural gas production volume increased. The realized price for oil rose, but natural gas prices fell. The distribution also includes a final payment from an investment in Tidelands Royalty Trust 'B' totaling $93,134.47, received on February 14, 2022.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.107485 per unit, payable on March 28, 2022. This amount is slightly higher than the $0.106743 distributed last quarter and significantly above the $0.018129 from the same quarter in 2021. The distribution reflects increased production volumes of oil alongside an increase in realized prices for oil and natural gas. The record date for unitholders is February 28, 2022, with royalties received typically lagging production by two to three months.
Marine Petroleum Trust (NASDAQ: MARPS) declared a quarterly cash distribution of $0.106743 per unit, payable on December 28, 2021. This amount exceeds the $0.064312 distributed last quarter and is significantly higher than the $0.007178 from the same quarter in 2020. The rise in distribution is attributed to increased production volumes of oil and natural gas, despite a decrease in the realized price for natural gas. The trust's extension to June 1, 2041 was confirmed, following a majority vote in 2014.
Marine Petroleum Trust (NASDAQ: MARPS) has declared a quarterly cash distribution of $0.064312 per unit, to be paid on September 28, 2021, for unitholders of record as of August 31, 2021. This distribution is significantly higher than the $0.028228 from last quarter and also exceeds the $0.044516 from the same quarter in 2020. The increase is attributed to higher production volumes and realized prices for both oil and natural gas. Marine's trust has received approvals to extend its duration through June 1, 2041.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.028228 per unit, payable on June 28, 2021. This is an increase from $0.018129 per unit in the previous quarter but lower than $0.1037981 in Q2 2020. The distribution reflects an increase in oil and natural gas volume produced, although the price for oil decreased while natural gas prices rose. The Trust confirmed its continuation through June 1, 2041, following a majority vote in 2014.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.018129 per unit, payable on March 29, 2021, to unitholders of record as of February 26, 2021. This distribution is an increase from $0.007178 in the previous quarter but lower than $0.065452 in the same quarter of 2020. The decrease in production volume of oil and natural gas was noted, while prices realized for these commodities increased compared to last quarter. The trust's termination date has been extended to June 1, 2041.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.007178 per unit, payable on December 28, 2020. This marks a significant decrease from $0.044516 per unit in the previous quarter and $0.048759 per unit from last year. The decline in distribution is attributed to reduced production volumes of oil and natural gas, despite an increase in oil prices. Additionally, Marine has successfully extended the trust's termination date to June 1, 2041, following necessary approvals.
Marine Petroleum Trust (NASDAQ: MARPS) announced a quarterly cash distribution of $0.044516 per unit, set for payment on September 28, 2020, to unitholders of record by August 31, 2020. This distribution reflects a decrease from $0.103781 per unit in the previous quarter and $0.085500 in the same quarter of 2019. While oil production volume has increased, natural gas production has decreased, with both commodities' prices falling compared to prior periods. Distribution amounts depend on royalties received related to oil and natural gas production.
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