BP Prudhoe Bay Royalty Trust
Other OTCCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Energy
- Address
- 601 Travis Street Houston TX United States of America 77002
- IPO Date
- May 23, 1989
- CIK
- 0000850033
- Website
- bpt.q4web.com
- Similar Companies
- Business
- BP Prudhoe Bay Royalty Trust (NYSE: BPT; OTC Pink: BPPTU) holds an overriding royalty interest entitling it to receive a specified percentage of the net proceeds from the first 90,000 barrels of average daily net production of oil and condensate from certain properties in the Prudhoe Bay field on Alaska's North Slope; this royalty interest, typically 16.4246%, is derived from production operated by Hilcorp North Slope LLC and distributed quarterly to unitholders after deduction of chargeable costs and production taxes. The Trust operates exclusively in the upstream oil and gas royalty sector, with no employees or operational activities beyond royalty collection and distribution managed by its trustee, The Bank of New York Mellon Trust Company, N.A. Established on February 28, 1989, by BP Exploration (Alaska) Inc. and Standard Oil Company (now parts of BP p.l.c.), the Trust is headquartered at 601 Travis Street, 16th Floor, Houston, Texas 77002, United States, with its primary asset located in Alaska. In a major development, the Trust terminated effective December 31, 2024, after net revenues from the royalty interest fell below $1.0 million per year for two consecutive years (2023 and 2024), triggering automatic termination under the Trust Agreement; the Trustee commenced winding up affairs, including marketing the overriding royalty interest for sale, with Hilcorp holding a 30-day right of first refusal at the greater of fair market value or $11,641,600. Following NYSE delisting notification for sustained trading below $1.00 per unit, units transitioned to OTC Pink market trading under ticker BPPTU effective July 1, 2025. The Trustee announced a final distribution of approximately $0.23 per unit payable around October 20, 2025, as part of the liquidation process. Quarterly distributions throughout 2024 and into 2025 remained at $0.00 per unit due to average West Texas Intermediate oil prices falling below break-even levels after adjusted chargeable costs and taxes.
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2025 and Update on NYSE Delisting
NYSE to Commence Delisting Proceedings Against BP Prudhoe Bay Royalty Trust (BPT)
BP Prudhoe Bay Royalty Trust Offers Overriding Royalty in North America's Largest Oil Field
BP Prudhoe Bay Royalty Trust Announces Commencement of Trust Asset Sale Process
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the First Quarter of 2025
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2024, Termination of the Trust on December 31, 2024, Commencement of Winding-Up of the Trust, and Receipt of Notice From NYSE Regarding Non-Compliance With Continued
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Third Quarter of 2024
Top 4 Energy Stocks That May Rocket Higher In Q3
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2024
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the First Quarter of 2024
3 Doomed Oil Stocks to Dump Before They Dive: February 2024
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2023
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Third Quarter of 2023
Beware! 7 Energy Stocks Waving Massive Red Flags Right Now
Beware! 3 Oil Stocks Waving Massive Red Flags Right Now
BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2023
BP Prudhoe Bay Royalty Trust: A Likely Buy In 2023
7 Safe High-Yield Dividend Stocks to Buy
These Were The Five Best And Worst Performing Energy Stocks In Q3 2022
3 oil stocks that have seen over 100% rise in 2022