Pacific Coast Oil Trust
ROYTL
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 601 Travis Street Houston TX United States of America 77002
- IPO Date
- May 3, 2012
- CIK
- 0001538822
- Website
- pacificcoastoiltrust.com
- Similar Companies
- Business
- Pacific Coast Oil Trust (OTC: ROYTL) is a Delaware statutory perpetual trust that acquires and holds net profits and royalty interests in onshore oil and natural gas properties located in California's Santa Maria and Los Angeles Basins. The Trust's Conveyed Interests, owned through conveyance from Pacific Coast Energy Company LP (PCEC), comprise 80% of net profits from the sale of oil and natural gas production from proved developed reserves (Developed Properties), which require limited capital expenditures; 7.5% overriding royalty proceeds (free of production or development costs but subject to proportionate taxes and post-production costs) from Remaining Properties on PCEC's Orcutt properties during development periods of negative net profits; and 25% of net profits from the sale of oil and natural gas production from all Remaining Properties once PCEC recovers advanced costs. Net profits are calculated separately for Developed and Remaining Properties, with monthly cash distributions made to unitholders after administrative expenses. Founded in 2012 and headquartered in Houston, Texas, the Trust operates exclusively in the U.S. upstream oil and gas sector, targeting investors seeking exposure to California basin production without direct operational risks borne by PCEC, the underlying property owner. The trustee is The Bank of New York Mellon Trust Company, N.A., with units historically listed on the New York Stock Exchange under ROYT and currently trading over-the-counter. Recent operational changes include the September 2022 termination of PCEC's Phillips 66 pipeline Connection Agreement for Orcutt-area leases, effective December 2022, following the Santa Maria Refinery shutdown in January 2023, which curtailed production by approximately 17% at Orcutt through 2025 and shifted transportation to higher-cost trucking arrangements with new purchasers. PCEC has deducted attributable transportation expenses from gross proceeds and continues strategic capital deployment within export constraints, alongside updated asset retirement obligation (ARO) valuations in 2023 by Cornerstone Engineering showing a $13.7 million increase discounted to December 31, 2022. No recent partnerships, acquisitions, funding rounds, or new product launches have been announced as of late 2025.