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LL&E ROYALTY TRUST ANNOUNCES TRUST INCOME DISTRIBUTION FOR MONTH OF JULY

 HOUSTON, June 25 /PRNewswire/ -- LL&E Royalty Trust (NYSE: LRT) announced today the Trust income distribution for the month of July, 1993. This distribution represents amounts payable to the Trust with respect to production for the month of April, 1993. Unit holders of record on July 6, 1993 will receive a distribution amounting to $741,656.76 or approximately $.03905 per Unit payable on July 15, 1993.
 This distribution includes no proceeds from Offshore Louisiana due primarily to increased drilling activity at the Offshore Louisiana property. After these charges, excess production costs for Offshore Louisiana decreased by about $160 thousand. Remaining excess production costs to be recouped from future proceeds from Offshore Louisiana totaled approximately $493 thousand at the end of the April production month. (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- 6/25/93
 /CONTACT: Nancy J. Pugsley of Texas Commerce Bank, 713-216-4424, for LL&E Royalty Trust/
 (LRT)


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

LR -- NY032 -- 5759 06/25/93 12:50 EDT
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Publication:PR Newswire
Date:Jun 25, 1993
Words:369
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