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LL&E ROYALTY TRUST DECLARES MONTHLY DISTRIBUTION TO UNIT HOLDERS

 HOUSTON, Jan. 26 /PRNewswire/ -- LL&E Royalty Trust (NYSE: LRT) announced today that its monthly distribution to unitholders will be made on or before Feb. 15, 1993 to unitholders of record on Feb. 5, 1993. This distribution represents amounts payable to the trust with respect to production for the month of November 1992. The total amount of the February distribution will be $966,447 or approximately $.05088 per unit.
 This distribution includes no proceeds from Offshore Louisiana due primarily to increased workover activity at the Offshore Louisiana Property. The excess expenses, amounting to approximately $44,000, will be recouped from future proceeds.
 The working interest owner, has informed the trustee that calculations made, using the most recent reserve report, in accordance with escrow provisions within the trust documents indicate that it is permitted to place funds in escrow for all of the properties in which the trust has an interest. The total current estimated dismantlement cost for the Offshore Louisiana property of $2.5 million has been escrowed. (The trust's interest is equivalent to 90 percent of the net proceeds from Offshore Louisiana.) The working interest owner has informed the trustee that it has not elected to escrow any additional funds on any of the trust properties at this time. However, the working interest owner intends to continue to closely monitor each of the properties in which the trust has an interest for possible changes in relevant factors which may warrant a need for additional escrows.
 The extent of future distributions from the properties in which the trust has an interest will continue to be dependent on normal factors associated with oil and gas operations such as oil and gas production levels, prices and associated costs and the timing and extent of capital expenditures.
 -0- 1/26/93
 /CONTACT: Roark Ashie of First City, Texas-Houston, N.A., 713-658-7639, for LL&E Royalty Trust/
 (LRT)


CO: LL&E Royalty Trust ST: Texas IN: OIL SU: DIV

PS -- NY045 -- 6326 01/26/93 11:17 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:334
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