Detail akcie MV Oil Units online

Business Summary: MV Oil Trust (the Trust) is a statutory trust. The business and affairs of the trust are managed by The Bank of New York Mellon Trust Company, N.A., (the Trustee). The Trust acquire and holds a term net profits interest, which include interest in underlying properties consisting of MV Partners’ net interests in all of its oil and natural gas properties located in the Mid-Continent region in the states of Kansas and Colorado (the underlying properties). The underlying properties located in the El Dorado area are operated on behalf of MV Partners, LLC by Vess Oil Corporation and are located in the include El Dorado, Augusta and Valley Center Fields. These oil and gas properties include approximately 850 producing oil and gas wells. The El Dorado Field is located atop the Nemaha Ridge in Central Butler County. The Augusta Field is on a trend similar to the nearby El Dorado Field and strikes northeast parallel to the Nemaha Ridge.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, MV Oil Trust revenues decreased 34% to $18.1M. Net income decreased 34% to $16.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects General and administrative expense increase of 12% to $1.1M (expense). Dividend per share decreased from $2.22 to $1.52.