Pacific Coast Oil Trust Announces February Cash Distribution
PACIFIC COAST OIL TRUST (ROYT)
Last pacific coast oil trust earnings: 7/31 04:52 pm
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US:NYSE Investor Relations:
pacificcoastoiltrust.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- PACIFIC COAST OIL TRUST (NYSE:ROYT) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today a cash distribution to the holders of its units of beneficial interest of $0.01635 per unit, payable on February 20, 2018 to unitholders of record on February 5, 2018. The Trust’s distribution calculation relates to net profits and overriding royalties generated during December 2017 as provided in the conveyance of net profits and overriding royalty interest. The current month’s calculation for the Developed Properties resulted in $1.3 million of revenues less direct operating expenses and development costs. The current month’s revenues were $4.2 million, lease operating expenses including property taxes were $2.2 million and capital expenditures were $0.7 million. For the year ended December 31, 2017, PCEC’s capital expenditures were approximat
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