ECA Marcellus Trust I Gives Investors 12.4 Cents per Unit in 4Q22
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced it would issue a payout (the equivalent of a dividend) to unitholders of 12.4 cents for 4Q22. That is down from the previous quarter when the Trust paid out 18 cents per unit. The company continues to hold back some profits ($135,000 in 4Q22) in order to build a cash reserve.
To view this content, log into your member account. (Not a member? Join Today!)