Westbrook-Thompson Overriding Royalty Trust
WBTMU
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 27, 2012
- Similar Companies
- Business
- Westbrook-Thompson Overriding Royalty Trust (WBTMU) operates as an oil royalty trust that holds and distributes overriding royalty interests derived from oil and gas production. The trust's core assets consist of overriding royalty interests in various producing oil and gas properties, conveyed from Westbrook-Thompson Holding Corporation, a former holding company liquidated around 1966; these interests entitle unitholders to a percentage of revenue from production without operational costs or liabilities. Units of the trust trade over-the-counter under the ticker WBTMU, providing passive income exposure to upstream energy production primarily in the United States. The trust focuses on oil and natural gas royalty payments from legacy properties, targeting institutional and retail investors seeking commodity-linked distributions. It does not engage in exploration, drilling, or property management, relying instead on third-party operators for production. Geographically, operations center on U.S. oil and gas fields, with administration handled through Argent Trust Company's royalty trust division in Dallas, Texas. Recent developments include extensions of tender offers by Reservoir Rock Partners for the trust's overriding royalty units, signaling active investor interest and potential liquidity events for unitholders in 2024 and beyond. Argent Trust Company assumed administrative responsibilities as trustee, aligning with its oversight of similar royalty trusts such as Permian Basin Royalty Trust and others based in Dallas. No major acquisitions, funding rounds, or product launches have been reported in the last 1-2 years, with the trust maintaining its static portfolio of legacy overriding royalties amid fluctuating energy markets.