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Mesa Royalty Trust Announces Trust Income for December 2021

Mesa Royalty Trust (the “Trust”) (NYSE:MTR) announced today the Trust income distribution for the month of December 2021. Unitholders of record on December 31, 2021 will receive distributions amounting to $0.129845651 per unit, payable on January 31, 2022. The Trust received $277,472, all of which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in December 2021 from any other working interest owner. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $241,979.

The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust’s public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount …

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