After 100 years of theoretical treatment of speckle patterns from coherent illumination, there remain some open questions about the nature of ultrasound speckle from soft vascularized tissues. A recent hypothesis is that the fractal branching vasculature is responsible for the dominant echo pattern from organs such as the liver. In that case, an analysis of cylindrical scattering structures arranged across a power law distribution of sizes is warranted. Using a simple model of echo strength and basic transformation rules from probability, we derive the first order statistics of speckle considering the amplitude, the intensity, and the natural log of amplitude. The results are given by long tailed distributions that have been studied in the statistics literature for other fields. Examples are given from simulations and animal studies, and the theoretical fit to these preliminary data support the overall framework as a plausible model for characterizing ultrasound speckle statistics.