MV Oil Trust
MVO
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- MV Oil Trust (NYSE: MVO) is a statutory trust that acquires and holds a term net profits interest representing 80% of the net proceeds from the sale of oil and natural gas production from underlying properties operated by MV Partners, LLC; the underlying properties consist of net interests in approximately 850 producing wells located in the Mid-Continent region of Kansas and Colorado. The Trust generates quarterly cash distributions to unitholders from these net profits after deducting operating expenses, capital expenditures, and other costs, with production primarily focused on crude oil and limited natural gas volumes measured in barrels of oil equivalent (BOE). The Trust serves energy investors seeking exposure to established Mid-Continent hydrocarbon production without direct operational involvement. Founded in 2006 and headquartered at 601 Travis Street, Floor 16, Houston, Texas 77002, the Trust's affairs are managed by The Bank of New York Mellon Trust Company, N.A., as trustee. Its properties target mature onshore fields in Kansas and Colorado, providing unitholders with variable income tied to commodity prices and production volumes from MV Partners' operations. In recent developments, the Trust has announced quarterly distributions reflecting fluctuating oil and gas prices and costs, including $0.185 per unit for the period ended June 30, 2025 (volume: 145,027 BOE at $59.82 per BOE), $0.205 per unit for the period ended September 30, 2025 (volume: 142,501 BOE at $62.08 per BOE), and a subsequent Q4 2025 distribution of $0.205 per unit paid October 24, 2025; distributable income has declined year-over-year amid lower realized prices and higher expenses. Critically, the Trust reached the minimum production threshold of 11.5 million BOE applicable to its net profits interest (equivalent to 14.4 million BOE from underlying properties), triggering mandatory termination on June 30, 2026, after which it will wind up affairs, make a final distribution if any around July 24, 2026, and cease operations with units cancelled. The Trust filed its 2024 Annual Report on Form 10-K on March 20, 2025, confirming ongoing operations through termination with no reported acquisitions, partnerships, or strategic expansions in the past 1-2 years.