Mesa Royalty Trust Announces Trust Income for July 2024
Mesa Royalty Trust (NYSE: MTR) announced its income distribution for July 2024. Unitholders of record on July 31, 2024, will receive $0.001801384 per unit, payable on October 31, 2024. The Trust received $36,618, all from the New Mexico portion of its San Juan Basin properties operated by Hilcorp San Juan LP. After expenses, the distributable net profits were $3,357.
The Trust owns overriding royalty interests in oil and gas properties in the Hugoton field of Kansas and San Juan Basin fields of New Mexico and Colorado. Monthly distributions are expected to fluctuate based on production, prices, and expenses. Distributions are likely to be materially reduced until the Trust increases its cash reserves to $2.0 million for added liquidity.
Mesa Royalty Trust (NYSE: MTR) ha annunciato la sua distribuzione di reddito per luglio 2024. Gli azionisti registrati il 31 luglio 2024 riceveranno $0.001801384 per unità, pagabili il 31 ottobre 2024. Il Trust ha ricevuto $36,618, tutti provenienti dalla porzione del Nuovo Messico delle sue proprietà nel Bacino di San Juan gestite da Hilcorp San Juan LP. Dopo le spese, i profitti netti distribuibili ammontavano a $3,357.
Il Trust possiede interessi in royalty sovrapposte in proprietà petrolifere e di gas nel campo di Hugoton in Kansas e nei campi del Bacino di San Juan nel Nuovo Messico e in Colorado. Si prevede che le distribuzioni mensili fluttueranno in base alla produzione, ai prezzi e alle spese. Le distribuzioni potrebbero subire riduzioni significative fino a quando il Trust non aumenterà le sue riserve liquide a $2,0 milioni per migliorare la liquidità.
Mesa Royalty Trust (NYSE: MTR) anunció su distribución de ingresos para julio de 2024. Los accionistas registrados el 31 de julio de 2024 recibirán $0.001801384 por unidad, pagaderos el 31 de octubre de 2024. El Trust recibió $36,618, todos provenientes de la porción de Nuevo México de sus propiedades en la Cuenca de San Juan operadas por Hilcorp San Juan LP. Después de los gastos, las ganancias netas distribuibles fueron de $3,357.
El Trust posee intereses de regalías en propiedades de petróleo y gas en el campo de Hugoton en Kansas y en los campos de la Cuenca de San Juan en Nuevo México y Colorado. Se espera que las distribuciones mensuales fluctúen según la producción, los precios y los gastos. Es probable que las distribuciones se reduzcan considerablemente hasta que el Trust aumente sus reservas de efectivo a $2.0 millones para mayor liquidez.
메사 로열티 신탁 (NYSE: MTR)이 2024년 7월 소득 배분을 발표했습니다. 2024년 7월 31일 기준 주주들은 유닛당 $0.001801384를 받을 것입니다, 지급일은 2024년 10월 31일입니다. 신탁은 $36,618을 받았으며, 이는 모두 힐코프 샌후안 LP가 운영하는 샌후안 분지의 뉴멕시코 지역에서 발생한 것입니다. 경비를 제외한 분배 가능한 순이익은 $3,357이었습니다.
신탁은 캔자스의 휴고돈 유전과 뉴멕시코 및 콜로라도의 샌후안 분지 지역의 석유 및 가스 자산에 대한 추가 로열티 권리를 보유하고 있습니다. 월별 배분은 생산, 가격 및 경비에 따라 변동할 것으로 예상됩니다. 신탁이 유동성을 높이기 위해 현금을 $2.0 백만으로 늘릴 때까지 배분이 크게 줄어들 가능성이 있습니다.
Mesa Royalty Trust (NYSE: MTR) a annoncé sa distribution de revenus pour juillet 2024. Les détenteurs d'unités enregistrés au 31 juillet 2024 recevront 0,001801384 $ par unité, payable le 31 octobre 2024. Le Trust a reçu 36 618 $, tous provenant de la partie Nouveau-Mexique de ses propriétés du bassin de San Juan opérées par Hilcorp San Juan LP. Après les frais, les bénéfices nets distribuables se sont élevés à 3 357 $.
Le Trust possède des intérêts en redevances sur des propriétés pétrolières et gazières dans le champ de Hugoton au Kansas et dans les champs du bassin de San Juan au Nouveau-Mexique et au Colorado. Les distributions mensuelles devraient fluctuer en fonction de la production, des prix et des dépenses. Les distributions devraient être considérablement réduites jusqu'à ce que le Trust augmente ses réserves de liquidités à 2,0 millions de dollars pour améliorer la liquidité.
Mesa Royalty Trust (NYSE: MTR) hat seine Einkommensverteilung für Juli 2024 bekannt gegeben. Registrierte Unitholder am 31. Juli 2024 erhalten $0.001801384 pro Einheit, zahlbar am 31. Oktober 2024. Der Trust erhielt $36,618, und zwar ausschließlich aus dem New-Mexico-Anteil seiner Immobilien im San Juan Basin, die von Hilcorp San Juan LP betrieben werden. Nach Abzug der Kosten betrugen die ausschüttbaren Nettogewinne $3,357.
Der Trust besitzt Überrangsrechte an Öl- und Gasimmobilien im Hugoton-Feld in Kansas sowie in den San Juan Basin-Regionen in New Mexico und Colorado. Es wird erwartet, dass die monatlichen Ausschüttungen je nach Produktion, Preisen und Ausgaben schwanken. Die Ausschüttungen dürften erheblich reduziert werden, bis der Trust seine Bargeldreserven auf 2,0 Millionen US-Dollar erhöht, um die Liquidität zu verbessern.
- Trust received $36,618 from San Juan Basin properties
- Distributable net profits of $3,357 after expenses
- Low distribution of $0.001801384 per unit
- No income received from other working interest owners
- Distributions expected to be materially reduced until cash reserves reach $2.0 million
- Substantial accumulated excess production costs decreasing Trust distributions
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2023. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
http://mtr.q4web.com/home/default.aspx
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Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
Source: Mesa Royalty Trust
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