16 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 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 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:
Fiscal Year Ended June 30,
25 unchanged sentences
This acreage is presented in the following table:
−Removed: Leases Granted by (1):
+Added: Leases Granted
United States
14 unchanged sentences
Present Activities .
−Removed: As of June 30, 2022, public records indicated that no wells were being
−Removed: drilled, re-drilled or worked over on tracts in which Marine has an interest.
−Removed: Additionally, public records indicated that operators had not designated any locations for additional operations, which may include
−Removed: drilling, permits to work over or recomplete a well or other types of operations.
+Added: As of June 30, 2023, public records indicated that no wells
+Added: were being drilled, re-drilled or worked over on tracts in which Marine has an interest.
+Added: Additionally, public records indicated that operators had not designated any locations for additional operations, which
+Added: may include drilling, permits to work over or recomplete a well or other types of operations.
There is no assurance that wells will be drilled, and if they are drilled, that they will be successful.
−Removed: Marine is not obligated to provide any fixed and determinable
−Removed: quantities of oil or natural gas in the future under any existing contracts or agreements.
−Removed: Difficulty in Obtaining Certain Data .
−Removed: Marines only activities are the collection and distribution of revenues from overriding royalties on certain oil and natural gas leases in the Gulf of Mexico, pursuant to purchase agreements between Marines predecessors and Gulf and its
+Added: Marine is not obligated to provide any fixed and
+Added: determinable quantities of oil or natural gas in the future under any existing contracts or agreements.
+Added: Difficulty in Obtaining
+Added: Certain Data .
+Added: Marines only activities are the collection and distribution of revenues from overriding royalties on certain oil and natural gas leases in the Gulf of Mexico, pursuant to purchase agreements between Marines predecessors
+Added: and Gulf and its transferees.
The leasehold working interests that are subject to the rights held by Marine are owned, in most cases, in whole or in part by Chevron, or other oil and natural gas exploration and production companies.
−Removed: Certain information with respect
−Removed: to the particular leases subject to Marines interests, including, but not limited to, (i) reserves, (ii) the availability of oil and natural gas, (iii) the average production cost (lifting cost) per unit, (iv) undeveloped
−Removed: acreage and (v) net wells and net acres, lies solely within the knowledge of these working interest owners.
−Removed: Marine does not have access to engineering data regarding these leaseholds and believes that such information would have been compiled
−Removed: principally by or for the working interest owners of these leaseholds, and that such information is unreasonably difficult for Marine to obtain.
−Removed: As a result, Marine believes that unreasonable efforts and expense would be involved in seeking to
−Removed: obtain all of the information required under Item 102 and Subpart 1200 of Regulation S-K.
+Added: information with respect to the particular leases subject to Marines interests, including, but not limited to, (i) reserves, (ii) the availability of oil and natural gas, (iii) the average production cost (lifting cost) per unit,
+Added: (iv) undeveloped acreage and (v) net wells and net acres, lies solely within the knowledge of these working interest owners.
+Added: Marine does not have access to engineering data regarding these leaseholds and believes that such information
+Added: would have been compiled principally by or for the working interest owners of these leaseholds, and that such information is unreasonably difficult for Marine to obtain.
+Added: As a result, Marine believes that unreasonable efforts and expense would be
+Added: involved in seeking to obtain all of the information required under Item 102 and Subpart 1200 of Regulation S-K.
LEGAL PROCEEDINGS
4 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.