Company: GULTU
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001201
Chunk: 35

Company: Gulf Coast Ultra Deep Royalty Trust
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 35
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 46  

The
Standardized Measure related to proved reserves as of December 31 is presented below:

                                                                               2024      2023  
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Future cash inflows                                                          $         $     
  Future costs applicable to future cash flows:                                                
  Production costs (primarily production and ad valorem taxes)                                 
  Development and abandonment costs                                                            
  Future income taxes (a)                                                                      
  Future net cash flows                                                                        
  Discount for estimated timing of net cash flows (10% discount rate) (b)                      
  Standardized measure                                                         $         $     

  (a)      No                                                                                                                                    
  (b)      Amounts                                                                                                                               

A
summary of the principal sources of changes in the Standardized Measure for the years ended December 31 is presented below:

                                         2024      2023                  
 ─────────────────────────────────────────────────────────────────────────
  Balance at beginning of year           $         $          6,055,300  
  Sales, net of production expenses                            (401,278  
  Revisions of quantity estimates                            (5,654,022  
  Balance at end of year                 $         $                  0  

  47  

Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure