MESA ROYALTY TRUST/TX Logo

MESA ROYALTY TRUST/TX

A passive trust that collects and distributes royalty income from US oil and gas assets to investors.

MTR | NYSE

Overview

Corporate Details

ISIN(s):
N/A
LEI:
Country:
United States of America
Address:
BNY MELLON TRUST COMPANY, N.A., 77002 HOUSTON
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

Mesa Royalty Trust, established in 1979, is a passive investment trust that holds net overriding royalty interests in various oil and gas properties in the United States. The Trust's assets are located in established fields, including the Hugoton field in Kansas and the San Juan Basin in New Mexico. Its primary function is to collect royalty income from the production and sale of oil and natural gas by third-party operators and distribute the net proceeds to its unitholders. The Trust does not engage in any operational activities such as exploration or development, serving as a vehicle for investors to receive income from the revenue of specific energy-producing assets.

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Insider Transactions

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No insider transactions recorded for this company.

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