FREEPORT <FTX> TO ACCRUE INTANGIBLE COSTS
Freeport-McMoRan Inc said it
has decided to begin accruing a portion of its estimate of the
intanmgible drilling and development cost recapture amount as a
cost in determining payments to be made to Freeport-McMoRan Oil
and Gas Royalty Trust <PMR> unitholders.
    Freeport said this is expected to reduce monthly payments
by about two cts per unit starting with the distribution
payable July 10 to holders of record May 29.
 Reuter
