Trust that acquires and holds interests in royalty and overriding royalty interests in offshore oil and gas properties.
Marine Petroleum Trust, headquartered in Dallas, Texas, functions as a royalty trust alongside its subsidiary, Marine Petroleum Corporation, primarily operating within the United States. As of June 30, 2021, the company holds an overriding royalty interest in 55 oil and natural gas leases, encompassing approximately 199,868 gross acres situated in the Central and Western regions of the Gulf of Mexico, spanning the offshore areas of Louisiana and Texas.
Established in 1956, Marine Petroleum Trust is structured to passively collect royalties from its interests in oil and gas production, distributing these earnings to its shareholders. The trust's financial performance is directly tied to the production levels and commodity prices of the hydrocarbons extracted from its leased properties. This model allows investors to benefit from ongoing royalties generated from energy extraction activities without active involvement in operational management.
With a longstanding presence in the energy sector, Marine Petroleum Trust continues to focus on optimizing returns for its shareholders through its strategic leasehold interests and royalty collection mechanisms. The trust's operations underscore its role as a passive income generator within the Gulf of Mexico's oil and gas exploration and production landscape, contributing to its reputation as a reliable investment vehicle in the energy royalty trust sector.