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Stock impact report

Pacific Coast Oil Trust Announces December Cash Distribution

PACIFIC COAST OIL TRUST (ROYT) 
Last pacific coast oil trust earnings: 7/31 04:52 pm Check Earnings Report
US:NYSE Investor Relations: pacificcoastoiltrust.com
Company Research Source: Business Wire
AUSTIN, Texas--(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 $0.01614 per unit, payable on December 26, 2017 to unitholders of record on December 11, 2017. The Trust’s distribution calculation relates to net profits and overriding royalties generated during October 2017 as provided in the conveyance of net profits and overriding royalty interest. The current month’s calculation for the Developed Properties resulted in $0.9 million of revenues less direct operating expenses and development costs. The current month’s revenues were $3.9 million, lease operating expenses including property taxes were $2.5 million and capital expenditures were $0.6 million. Average realized prices for the Developed Properties were $53.05 per Boe in Show less Read more
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