17 unchanged sentences
Due to the nature of Marines business, it does not have any delivery commitments.
−Removed: Information regarding the net quantities of oil and natural gas sold with respect to Marines overriding royalty
−Removed: interests (excluding its interest in Tidelands) for each of the last three fiscal years, as well as the average sales price per unit of oil and natural gas sold upon which payments to Marine are based, is set forth in the following table:
+Added: Information regarding the net quantities of oil and natural gas sold with
+Added: respect to Marines overriding royalty interests (excluding its interest in Tidelands) for each of the last three fiscal years, as well as the average sales price per unit of oil and natural gas sold upon which payments to Marine are based, is
+Added: set forth in the following table:
Fiscal Year Ended June 30,
24 unchanged sentences
Lease Acreage .
−Removed: As of August 30, 2019, Marine had an overriding royalty interest
−Removed: (including its interest in Tidelands) in 59 different oil and natural gas leases covering an aggregate of 217,056 gross acres.
+Added: As of June 30, 2020, Marine had an overriding royalty interest (including its interest in
+Added: Tidelands) in 59 different oil and natural gas leases covering an aggregate of 217,056 gross acres.
These leases are located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas.
−Removed: This acreage is presented in the following table:
+Added: This acreage is presented in
+Added: the following table:
Leases Granted
9 unchanged sentences
commercial production, but the production is not on Marines overriding royalty area within those leases.
−Removed: overriding royalty interest owned by Marine is three-fourths of 1% of the working interest held by the Interest Owners.
+Added: The overriding royalty interest owned by Marine is three-fourths of 1% of the working
+Added: interest held by the Interest Owners.
The fractional interest therefore varies from lease to lease.
−Removed: The acreage weighted average of the fractional interest in all
−Removed: leases, including Marines interest in the leases held by Tidelands, is 0.5776%.
+Added: The acreage weighted average of the fractional interest in all leases, including Marines interest in the leases held by Tidelands, is 0.5776%.
The following table presents the acreage breakdown by fractional interests of Marine and Tidelands:
Present Activities .
−Removed: As of August 30, 2019, public records indicated that no wells were being
+Added: As of June 30, 2020, public records indicated that no wells were being
drilled, re-drilled or worked over on tracts in which Marine has an interest.
20 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.