BP Prudhoe Bay Royalty Trust (NYSE: BPT)
Overview
BP Prudhoe Bay Royalty Trust may not literally be on top of the world, but it's close: It makes its money from assets at the top end of Alaska (the North Slope). The trust was set up in 1989 by The Standard Oil Company and BP Exploration (both part of BP), along with The Bank of New York to passively administer overriding royalty interests. It distributes royalties on 16.4% of the first 90,000 barrels of the average actual daily net production per quarter from BP's working interest in the Prudhoe Bay Field, one of the largest oil-producing areas in North America. BP Prudhoe Bay Royalty Trust owns net interests in proved remaining reserves of 55 million barrels of crude oil and condensate at the site.
Key Numbers from Hoover's UK
Key financials for BP Prudhoe Bay Royalty Trust (NYSE: BPT)
| Company Type | Public (NYSE: BPT) |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | £120.1 |
| 1-Year Sales Growth | 16.5% |
| 2010 Net Income (mil.) | £119.2 |
| 1-Year Net Income Growth | 16.7% |
Key People from Hoover's UK
Key people and executives for BP Prudhoe Bay Royalty Trust (NYSE: BPT)
| VP and Trust Officer of The Bank of New York, Trustee | Remo J. Reale (Subscribers see complete biographies -- view sample)
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Top Competitors from Hoover's UK
Top competitors of BP Prudhoe Bay Royalty Trust (NYSE: BPT)
There are 4 competitors for BP Prudhoe Bay; see more.Industry Information from Hoover's UK
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Hoover's Industries
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Financial Services
- Royalty Trusts(primary)
