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Article: Analysis of BP Prudhoe Bay Royalty Trust.
- Article from:
- M2 Presswire
- Article date:
- February 19, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-19 February 2007-Oil and Gas News: Analysis of BP Prudhoe Bay Royalty Trust(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:20022007
BP Prudhoe Bay Royalty Trust may not literally be on top of the world, but it's close: It makes its money from assets at the top end of Alaska (the North Slope). The trust was set up in 1989 by The Standard Oil Company and BP Exploration (both part of BP), along with The Bank of New York to passively administer overriding royalty interests. It distributes royalties on 16% of the first 90,000 barrels of the average actual daily net production per quarter from BP's working interest in the Prudhoe Bay Field, one of the ...