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Bullboard - Stock Discussion Forum
BP PRUDHOE BAY ROYALTY TRUST
BPT
Energy
Oil & Gas E&P
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on approximately 16.4246% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and...
condensate per quarter from the working interest of Hilcorp North Slope, LLC (HNS) in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by HNS and are known collectively as the Prudhoe Bay Unit. The trustees of the Trust are The Bank of New York Mellon Trust Company, N.A and BNY Mellon Trust of Delaware, a banking corporation.
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Bullboard (NYSE:BPT)
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whytestocks
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Post by
whytestocks
on Jul 05, 2024 7:00pm
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for t
JUST IN: $BPT BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2024BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend
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