Market Overview

ECA Marcellus Trust I Announces Quarterly Distribution


ECA MARCELLUS TRUST I (NYSE:ECT) announced today that the Trust's
distribution for the quarter ended June 30, 2018 will be $0.064 per
unit, which is expected to be distributed on or before August 31, 2018
to holders of record as of the close of business on August 21, 2018.

The Trust was formed to own royalty interests in natural gas properties
now held by Greylock Energy LLC, and certain of its wholly owned
subsidiaries ("Greylock") in the Marcellus Shale formation in Greene
County, Pennsylvania. The Trust is entitled to receive certain amounts
of the proceeds attributable to Greylock's interest in the sale of
production from the properties. As described in the Trust's filings, the
amount of the quarterly distributions is expected to fluctuate from
quarter to quarter, depending on the proceeds received by the Trust as a
result of production and natural gas prices and the amount of the
Trust's administrative expenses, among other factors.

Pursuant to IRC Section 1446, withholding tax on income effectively
connected to a United States trade or business allocated to foreign
partners should be made at the highest marginal rate. Under Section
1441, withholding tax on fixed, determinable, annual, periodic income
from United States sources allocated to foreign partners should be made
at 30% of gross income unless the rate is reduced by treaty. This
release is intended to be a qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b) by ECA
Marcellus Trust I, and while specific relief is not specified for
Section 1441 income, this disclosure is intended to suffice. For
distributions made to foreign partners, nominees and brokers should
withhold at the highest effective tax rate.

This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements contained in this press release, other
than statements of historical facts, are "forward-looking statements"
for purposes of these provisions. These forward-looking statements
include the amount and date of any anticipated distribution to unit
holders. The anticipated distribution is based, in part, on the amount
of cash received or expected to be received by the Trust from Greylock
with respect to the relevant quarterly period. Any differences in actual
cash receipts by the Trust could affect this distributable amount. Other
important factors that could cause actual results to differ materially
include expenses of the Trust and reserves for anticipated future
expenses. Statements made in this press release are qualified by the
cautionary statements made in this press release. Neither Greylock nor
the Trustee intends, and neither assumes any obligation, to update any
of the statements included in this press release. An investment in
Common Units issued by ECA Marcellus Trust I is subject to the risks
described in the Trust's Annual Report on Form 10-K for the year ended
December 31, 2017, and all of its other filings with the Securities and
Exchange Commission. The Trust's annual, quarterly and other filed
reports are or will be available over the Internet at the SEC's web site

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