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LL&E ROYALTY TRUST ANNOUNCES TRUST INCOME DISTRIBUTION FOR DECEMBER 1993

 HOUSTON, Nov. 24 /PRNewswire/ -- LL&E Royalty Trust (NYSE: LRT) announced today the Trust income distribution for the month of December 1993. This distribution represents amounts payable to the Trust with respect to production for the month of September 1993. Unit holders of record on Dec. 6, 1993 will receive a distribution amounting to $786,035.72 or approximately $.04138 per Unit payable on Dec. 15, 1993.
 This distribution includes no proceeds from Offshore Louisiana due primarily to increased drilling activity. The excess expenses, mounting to approximately $1.1 million, will be recouped from future proceeds. (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 document, 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- 11/24/93
 /CONTACT: Mary V.K. Morris, LL&E Royalty Trust, Texas Commerce Bank, Trustee, 713-216-6369/
 (LRT)


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

GK-PS -- NY030 -- 7595 11/24/93 11:04 EST
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Publication:PR Newswire
Date:Nov 24, 1993
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