MV Oil Trust Announces Trust Fourth Quarter Distribution
MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the fourth quarterly payment period ended December 31, 2021.
Unitholders of record on January 14, 2022 will receive a distribution amounting to $4,715,000 or $0.41 per unit payable January 25, 2022.
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Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
161,030 |
|
|
Average price (per BOE) |
|
$ |
72.15 |
|
Gross proceeds |
|
$ |
11,618,783 |
|
Costs |
|
$ |
5,262,932 |
|
Net profits |
|
$ |
6,355,851 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
5,084,681 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
5,084,681 |
|
Provision for current estimated Trust expenses |
|
$ |
(264,264 |
) |
Amount withheld for future Trust expenses |