Trust that holds overriding royalty interests in oil production from the Prudhoe Bay field in Alaska.
BP Prudhoe Bay Royalty Trust, based in Houston, Texas, functions as a grantor trust with operations centered in the United States. The trust maintains an overriding royalty interest in the expansive Prudhoe Bay oil field situated on Alaska's North Slope. Spanning approximately 12 miles by 27 miles, the Prudhoe Bay field encompasses around 150,000 gross productive acres, making it one of the largest oil fields in North America.
Established in 1989, BP Prudhoe Bay Royalty Trust operates as a passive entity that derives income from its royalty interest in the oil field. The trust's financial performance is closely tied to production levels and oil prices, reflecting the dynamics of the energy sector. With its headquarters strategically located in Houston, the trust maintains a pivotal role in the energy industry, benefiting from the ongoing operations and developments within the Prudhoe Bay oil field.
As a longstanding entity in the energy sector, BP Prudhoe Bay Royalty Trust continues to provide investors with exposure to the revenue generated from oil production at Prudhoe Bay. The trust's structure as a grantor trust ensures that it passes through income to its unitholders, offering a straightforward investment vehicle focused on the ongoing productivity and profitability of one of North America's premier oil fields.