MV Oil Trust Company Description
Call it what you will, black gold, Texas tea, or the black blood of the earth, MV Oil Trust is wringing out the value from each drop and distributing it to shareholders. MV Oil Trust receives royalty interests from the mature oil and gas properties of MV Partners located in Kansas and Colorado. The properties have proved reserves of 10.3 million barrels of oil from 994 wells. The trust receives royalties based on the amount of oil (and gas) produced and sold and then distributes virtually all of the proceeds to shareholders on a regular basis. MV Partners, a private company engaged in the exploration, production, gathering, aggregation, and sale of oil and natural gas, has the rights to 80% of net proceeds.
View the Comprehensive Company Description for MV Oil Trust
The Company Description provides a historical perspective of MV Oil Trust's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MV Oil Trust's evolution in the marketplace.
