Whiting USA Trust II Announces Trust Quarterly Distribution
Whiting USA Trust II (OTC: WHZT) announces a distribution of $0.082926 per unit to unitholders for Q2 2021, relating to profits from Q1. The record date for this distribution is May 20, 2021, and payments will be made by May 28, 2021. The Trust reports total sales volumes of 199,543 barrels of oil and 198,424 Mcf of natural gas, generating gross proceeds of $9,770,317. The report also details expenses including lease operating costs of $6,548,695 and production taxes of $496,544, impacting net profits for the quarter.
- The Trust is making a distribution of $0.082926 per unit for Q2 2021.
- Gross proceeds reached $9,770,317 from oil and natural gas sales.
- Production expenses, including lease operating costs, totaled $6,548,695, which could impact net profitability.
- Production taxes amounted to $496,544, further burdening the financial outcome.
Whiting USA Trust II (the “Trust”) (OTC: WHZT) announced today that the Trust will make a distribution to unitholders in the second quarter of 2021, which relates to net profits generated during the first quarterly payment period of 2021. Unitholders of record on May 20, 2021 will receive a distribution of
As of the date of this press release,
Sales volumes, net profits and selected performance metrics for the quarterly payment period (mainly affected by January 2021 through March 2021 oil prices and December 2020 through February 2021 gas prices) were:
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Sales volumes: |
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Oil (Bbl)(1) |
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199,543 |
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Natural gas (Mcf) |
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198,424 |
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Total (BOE)(2) |
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232,614 |
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Gross proceeds: |
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Oil sales(1) |
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$ |
9,032,477 |
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Natural gas sales |
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737,840 |
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Total gross proceeds(2) |
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$ |
9,770,317 |
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Costs: |
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Lease operating expenses |
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$ |
6,548,695 |
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Production taxes(3) |
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496,544 |
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Development costs |
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278,019 |
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Cash settlements on commodity derivatives(4) |
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FAQ
What is the distribution amount for Whiting USA Trust II (WHZT) in Q2 2021?
Whiting USA Trust II (WHZT) will distribute $0.082926 per unit to unitholders in Q2 2021.
When will the distribution for WHZT be paid?
The distribution for WHZT will be paid on or before May 28, 2021.
What were the sales volumes for Whiting USA Trust II in Q1 2021?
In Q1 2021, Whiting USA Trust II reported sales volumes of 199,543 barrels of oil and 198,424 Mcf of natural gas.
What were the gross proceeds for WHZT in Q1 2021?
Whiting USA Trust II generated gross proceeds of $9,770,317 from sales in Q1 2021.
What are the production costs reported by WHZT?
Whiting USA Trust II reported lease operating expenses of $6,548,695 and production taxes of $496,544 for Q1 2021.
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