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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.


NYSE:BPT - Post by User

BP PRUDHOE BAY ROYALTY TRUST
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Post by OMEGA5on May 06, 2005 10:19am
447 Views
Post# 9005813

Don't you wish you bought this at .10 cents

Don't you wish you bought this at .10 centsI do.
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Dealroom for high-potential pre-IPO opportunities