This distribution reflects primarily the oil production for
This month's distribution is lower than the previous month's primarily due to a decrease in oil production, partially offset by an increase in the price of both oil and natural gas and an increase in natural gas production.
The table below compares this month's production and prices to the previous month's:
Net to Trust Sales | ||||||||||
Volumes (a) | Average Price (a) | |||||||||
Oil (bbls) |
Gas (Mcf) | Oil (per bbl) | Gas (per Mcf) | |||||||
Current Month | 64,743 | 1,359,603 | ||||||||
Prior Month | 76,461 | 1,346,957 | ||||||||
(a) | Sales volumes are recorded in the month the Trust receives and identifies the related royalty income. Because of this, sales volumes and pricing may fluctuate from month to month based on the timing of cash receipts. |
Revenues are only distributed after they are received, verified, and posted. Most energy companies normally issue payment of royalties on or about the 25th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month. The revenues received after that date will be posted within 30 days of receipt.
Due to the timing of the end of the month of August, approximately
The 2023 Annual Report with Form 10-K and the
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