Welcome to our dedicated page for Mesa Royalty Trust news (Ticker: MTR), a resource for investors and traders seeking the latest updates and insights on Mesa Royalty Trust stock.
Mesa Royalty Trust (MTR) holds net overriding royalty interests in several oil and gas properties, specifically located in the Hugoton field of Kansas, the San Juan Basin field of New Mexico, and the San Juan Basin field of Colorado. These royalty interests entitle the trust to a portion of the production and revenues generated from these fields, enabling it to distribute income to its unit holders.
Founded to provide investors with an opportunity to receive income from established energy-producing assets, Mesa Royalty Trust has a streamlined business model focused on maximizing returns from its existing interests. The trust does not engage in exploration or active management of the properties; instead, it benefits passively from the production handled by the operating companies.
Recent financial reports indicate stable production levels and consistent income distributions, which are appealing to investors seeking steady returns. The trust’s simplicity and focus on established fields reduce operational risks, providing a reliable income stream.
Mesa Royalty Trust’s strategic locations in the Hugoton and San Juan Basins place it in some of the most prolific natural gas and oil regions in the United States. The Hugoton field, known for its extensive natural gas reserves, and the San Juan Basin, rich in both gas and oil, have long histories of production, supported by existing infrastructure and experienced operators.
While the trust itself does not engage in any direct operations, it is dependent on the performance and management of the operating companies, primarily publicly traded entities with strong track records in the energy sector. These partnerships ensure that the trust can continue to provide value to its unit holders through regular royalty distributions.
In summary, Mesa Royalty Trust offers a low-risk entry point into the oil and gas sector, focusing on stable income from long-established fields without the complexities of direct operations. This makes it an attractive option for investors looking for dependable income from energy assets.
Mesa Royalty Trust (NYSE: MTR) announced no distribution for August 2024 to holders of record on August 30, 2024. This decision was made as costs, charges, and expenses related to the Trust's royalty properties exceeded the revenue from oil, natural gas, and other hydrocarbons produced from these properties. The Trust owns an overriding royalty interest in producing oil and gas properties in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado.
Monthly distributions are expected to fluctuate based on production proceeds, oil and gas prices, and administrative expenses. Distributions to unitholders are anticipated to be materially reduced until the Trust increases its cash reserves to $2.0 million for added liquidity. The Trust's ability to pay distributions has been and will continue to be affected by industry volatility, revenues, and expenses reported by working interest owners.
Mesa Royalty Trust (NYSE: MTR) announced its income distribution for July 2024. Unitholders of record on July 31, 2024, will receive $0.001801384 per unit, payable on October 31, 2024. The Trust received $36,618, all from the New Mexico portion of its San Juan Basin properties operated by Hilcorp San Juan LP. After expenses, the distributable net profits were $3,357.
The Trust owns overriding royalty interests in oil and gas properties in the Hugoton field of Kansas and San Juan Basin fields of New Mexico and Colorado. Monthly distributions are expected to fluctuate based on production, prices, and expenses. Distributions are likely to be materially reduced until the Trust increases its cash reserves to $2.0 million for added liquidity.
Mesa Royalty Trust (NYSE: MTR) has announced a June 2024 income distribution of $0.038766492 per unit for unitholders of record on June 28, payable on July 31, 2024. The Trust received $85,246 solely from the New Mexico portion of the San Juan Basin properties operated by Hilcorp San Juan LP. No income was received from other working interest owners. After reserves and administrative expenses, the distributable net profit was $72,245. The Trust expects monthly distribution amounts to fluctuate due to production, oil and natural gas prices, and administrative costs. Distributions will be materially reduced until the Trust boosts its cash reserves to $2.0 million. Additionally, the Trust faces substantial accumulated excess production costs, potentially leading to periods with no distributions.
Mesa Royalty Trust (NYSE: MTR) announced the income distribution for May 2024. Unitholders of record on May 31, 2024, will receive $0.054572375 per unit, payable on July 31, 2024. The Trust received $130,266 from its San Juan Basin properties, operated by Hilcorp San Juan LP. After withholding for cash reserves and administrative expenses, the distributable net profit totals $101,701.
The Trust's monthly distributions fluctuate based on production, oil and natural gas prices, and administrative expenses. Due to accumulated excess production costs and a strategy to increase cash reserves to $2.0 million, distributions are expected to be materially reduced.
Future distributions will also be affected by industry volatility and additional expenses.
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