Whiting USA Trust II (NYSE: WHZ) announced the fourth Trust distribution in 2013, which relates to net profits generated during the third quarterly payment period of 2013.
Unitholders of record on November 19, 2013 will receive a distribution of $0.888253 per unit, which is payable on or before November 29, 2013.
Volumes, average sales prices and net profits for the quarterly payment period were:
|Oil (Bbl) (1)||327,640|
|Natural gas (Mcf)||583,177|
|Average sales prices:|
|Oil (per Bbl) (1)||$||95.56|
|Natural gas (per Mcf) (2)||$||4.77|
|Oil sales (1)||$||31,308,824|
|Natural gas sales||2,781,773|
|Total gross proceeds||$||34,090,597|
|Lease operating expenses||$||11,139,591|
|Realized (gains) losses on hedging settlements (3)||-|
|Percentage allocable to Trust’s Net Profits Interest||90||%|
Total cash available for the Trust
|Provision for estimated Trust expenses||(200,000||)|
|Montana state income taxes withheld||(10,079||)|
|Net cash proceeds available for distribution||$||16,343,858|
Trust units outstanding
|Cash distribution per Trust unit||$||0.888253|
(1) Oil includes natural gas liquids.