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Home > Company Index > Financial Services > Royalty Trusts > Marine Petroleum Trust

Marine Petroleum Trust
Nasdaq (SC): MARPS
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 PROFILE
Marine Petroleum Trust is a royalty trust created to collect and distribute payments from oil and gas leases in the Gulf of Mexico. The trust's subsidiary, Marine Petroleum Corporation, holds title to interests in properties off the coast of Louisiana. Chevron and an affiliate of Pennzoil-Quaker State annually pay more than three-quarters of the royalties the company receives. More than 300 wells are subject to Marine's interests; approximately 60% of these produce natural gas, though oil generates slightly more than half of the trust's royalty revenue.

 COMPETITION
Cross Timbers Royalty Trust (CRT)
LL&E Royalty Trust (LRT)
Sabine Royalty Trust (SBR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 4.50
1-Yr. Sales Growth: 60.7%
Employees: 1
Revenue per employee: $4,500,000.00

 KEY PEOPLE
• Cindy Stover Miller
    CEO
• R. Ray Bell
    CFO

 CONTACT INFO
Bank of America Plaza, 901 Main St., 17th Fl.
Dallas, TX 75283
US
Phone: 214-209-2310
Fax: -

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