Pacific Coast Oil Trust Announces March 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
AUSTIN, Texas--(BUSINESS WIRE)-- PACIFIC COAST OIL TRUST (NYSE: ROYT) (the “Trust”), a perpetual 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 $0.00487 per unit, payable on March 17, 2017 to unitholders of record on March 9, 2017. The Trust’s distribution calculation relates to net profits and overriding royalties generated during January 2017 as provided in the conveyance of net profits and overriding royalty interest. The current month’s calculation for the Developed Properties resulted in $1.2 million of revenues less direct operating expenses and development costs. The current month’s revenues were $3.7 million, lease operating expenses including property taxes were $2.4 million, and capital expenditures were $117,000. Average realized prices for the Developed Properties were $48.28 per Boe i
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