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LL&E ROYALTY TRUST ANNOUNCES INCOME DISTRIBUTION FOR THE MONTH OF NOVEMBER 1993

 HOUSTON, Oct. 26 /PRNewswire/ -- LL&E Royalty Trust (NYSE: LRT) announced today the trust income distribution for the month of November 1993. This distribution represents amounts payable to the trust with respect to production for the month of August 1993. Unit holders of record on Nov. 5, 1993, will receive a distribution amounting to $810,505.70, or approximately $.04267 per unit, payable on Nov. 15, 1993.
 Excess production costs for Offshore Louisiana amounting to approximately $106,000 were recouped in the current month, with resulting net proceeds of approximately $165,000. (The trust's interest is equivalent to 90 percent of the net proceeds from Offshore Louisiana.)
 Based on calculations made using the most recent reserve report, the working interest owner, under the terms of the trust documents, is permitted to escrow funds for estimated future costs such as dismantlement costs and capital expenditures for two of the properties in which the trust has an interest. The total current estimated dismantlement cost for the Offshore Louisiana property is $2.6 million, of which $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 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 cost, timing and extent of capital expenditures.
 -0- 10/26/93
 /CONTACT: Mary V.K. Morris, Texas Commerce Bank, Trustee of LL&E Royalty Trust, 713-216-6369/
 (LRT)


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

TW -- NY081 -- 6861 10/26/93 14:20 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
Words:337
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