Gulf Coast Ultra Deep Royalty Trust Announces Quarterly Cash Distribution
GULF COAST ULTRA D/R UNIT (GULTU)
US:NASDAQ Investor Relations:
gultu.investorhq.businesswire.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) (the Trust) announced today that it will distribute to unitholders a cash distribution totaling $76,819 for the quarter ended March 31, 2020.Unitholders of record on April 30, 2020 will receive a cash distribution of $0.000334 per unit payable on May 14, 2020.Natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution for the quarter ended March 31, 2020 are set forth in the table below:Natural gas (Mcf) sales volumes (a)138,347 Natural gas (per Mcf) average sales price$2.19 Gross proceeds$303,239 Post-production costs and specified taxes(46,822)Royalty income256,417 Interest and dividend income1,493 Administrative expenses(181,091)Income in excess of administrative expenses76,819 Cash proceeds available for distribution$76,819 (a)Attributable to the onshore Highlander subject interest which is the only subject interest with commercial production.About
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