Pacific Coast Oil Trust Announces March Cash Distribution and Provides 2018 Capital Summary and 2018 Operating and Financial Sensitivity Analysis
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
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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 $0.03987 per unit, payable on March 26, 2018 to unitholders of record on March 12, 2018. The Trust’s distribution calculation relates to net profits and overriding royalties generated during January 2018 as provided in the conveyance of net profits and overriding royalty interest. All information in this press release has been provided to the Trustee by PCEC. The current month’s calculation for the Developed Properties resulted in $2.1 million of revenues less direct operating expenses and development costs. The current month’s revenues were $4.5 million, lease operating expenses including property taxes were $2.1 million and capital expenditures were $0.4 million. Average
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