| Business Summary | | Tidelands
Royalty
Trust
B
is
a
royalty
trust
and
is
not
permitted
to
engage
in
any
business
activity
inasmuch
as
it
was
organized
for
the
sole
purpose
of
providing
an
efficient,
orderly
and
practical
means
for
the
administration
and
liquidation
of
rights
to
interests
in
any
oil,
gas
or
other
mineral
leases
obtained
by
Gulf
Oil
Corporation
in
a
designated
area
of
the
Gulf
of
Mexico.
Tidelands
is
not
engaged
in
oil
and
gas
operations,
even
though
its
income
is
based
on
oil
and
gas
operations
of
others.
Tidelands'
properties
consist
of
production
payments
and
overriding
royalty
interests
in
six
oil
and
gas
leases
covering
27,312
gross
acres
in
the
1.37
million
acre
Royalty
Area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tidelands
Royalty
Trust
B
engages
in
the
administration
and
liquidation
of
rights
to
interests
in
oil,
gas
or
other
mineral
leases
obtained
by
Gulf
Oil
Corporation
in
a
designated
area
of
the
Gulf
of
Mexico.
For
the
six
months
ended
6/30/01,
total
revenues
increased
50%
to
$763
thousand.
Net
income
increased
51%
to
$679
thousand.
Results
reflect
higher
oil
and
gas
royalties
received
due
to
an
increase
in
the
average
price
of
natural
gas. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Cindy Miller | VP,
Corp. Trustee | R. Ray Bell | CAO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|