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 |

Statements of Assets, Liabilities and Trust Corpus
|
ASSETS |
2022
|
2021
|
Cash and Short-term Investments |
|
$2,248,527
|
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3) |
|
|
Total |
$3,134,877
|
$2,601,215
|
LIABILITIES AND TRUST CORPUS |
|
|
Distribution Payable to Unit Holders
|
|
|
Commitments and Reserve for Contingencies(Note8)
|
|
1,100,000
|
Total Liabilities
|
|
$2,248,527
|
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding
|
|
352,688
|
Total
|
|
$2,601,215
|
|
Statements of Distributable Income
|
|
2022
|
2021
|
2020
|
Royalty Income
(Notes 2 and 3) |
|
$11,805,514
|
$12,040,318
|
Interest Income |
|
5,112
|
9,603
|
|
|
11,810,626
|
12,049,921
|
|
|
- |
50,000 |
Expenditures
- General and Administrative |
|
1,088,851
|
1,041,303
|
Total Expenditures |
|
1,088,851
|
1,091,303
|
Distributable Income |
|
$10,721,775 |
$10,958,618
|
Distributable Income per Unit (46,608,796 Units) |
$1.15
|
$ .23
|
$ .24
|
Distributions per Unit |
$1.15
|
$ .23
|
$ .24
|
The accompanying Notes
to Financial Statements are an integral part of these statements. |
|
STATEMENTS OF CHANGES IN TRUST CORPUS
|
|
2022
|
2021
|
2020
|
Trust Corpus, Beginning of Year |
|
$382,876
|
$424,507
|
Amortization of Net Overriding Royalty Interests (Notes 2 and 3) |
|
(30,188)
|
(41,631)
|
Distributable Income |
53,543,824
|
10,721,775
|
10,958,618
|
Distributions Declared |
(53,543,824)
|
(10,721,775) |
(10,958,618)
|
Trust Corpus, End of Year |
|
352,688
|
382,876
|
|