| Business Summary | | Mesa
Royalty
Trust
was
created
when
Mesa
Petroleum
Co.
conveyed
to
the
Trust
a
90%
net
profits
overriding
royalty
interest
(the
Royalty)
in
certain
producing
oil
and
gas
properties
located
in
the
Hugoton
field
of
Kansas,
the
San
Juan
Basin
field
of
New
Mexico
and
Colorado
and
the
Yellow
Creek
field
of
Wyoming.
The
San
Juan
Basin
Royalty
Properties
located
in
New
Mexico
are
operated
by
Conoco.
Substantially
all
of
the
San
Juan
Basin
Royalty
Properties
located
in
Colorado
are
operated
by
Amoco.
The
Royalty
Properties
are
required
to
be
operated
by
the
working
interest
owners.
The
Trustee
has
no
power
or
authority
to
exercise
any
control
over
the
operation
of
the
Royalty
Properties
or
from
the
marketing
of
production. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Mesa
Royalty
Trust
(The
``Trust'')
is
engaged
in
the
operation
of
oil
and
gas
producing
properties
located
in
the
Hugoton
field
of
Kansas,
the
San
Juan
Basin
field
of
New
Mexico
and
Colorado
and
the
Yellow
Creek
field
of
Wyoming.
For
the
six
months
ended
6/01,
royalty
income
totalled
$7.4
million,
up
from
$3
million.
Net
income
totalled
$7.4
million,
up
from
$3.1
million.
Results
reflect
higher
production
and
higher
prices
received
from
natural
gas
sales. | More
from
Market Guide: Significant
Developments |
| | | The
Trust has no officers or directors. All managerial functions are performed by the Trustee, Texas Commerce Bank, N.A. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|