MARINE PETROLEUM TRUST
Royalty trust distributing payments from offshore oil & gas leases in the Gulf of Mexico.
MARPS | NDAQ
Overview
Corporate Details
- ISIN(s):
- N/A
- LEI:
- Country:
- United States of America
- Address:
- ARGENT TRUST COMPANY, 75219 DALLAS
- Website:
- https://www.marps-marine.com/
- Sector:
- Mining and quarrying
- Industry:
- Extraction of crude petroleum
Description
Marine Petroleum Trust, established in 1956, is a royalty trust that administers and liquidates rights to payments from overriding royalty interests in specific oil and natural gas leases. The Trust's assets are located in the Gulf of Mexico, offshore Louisiana and Texas. Its primary function is to collect royalty revenues, which are derived from the production of crude oil and natural gas by operators such as Chevron and Elf Exploration. Through its subsidiary, Marine Petroleum Corporation, the Trust distributes substantially all of its net income to the holders of its units of beneficial interest via quarterly cash distributions. The Trust's revenues are subject to factors including production capabilities, commodity prices, and seasonal demand.
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Filings
| Date | Filing | Language | Size | Actions | |
|---|---|---|---|---|---|
| No filings match the current criteria. | |||||
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
