| Business Summary | | Dominion
Resources
Black
Warrior
Trust
is
a
business
trust.
The
only
assets
of
the
Trust,
other
than
cash
and
temporary
investments
being
held
for
the
payment
of
expenses
and
liabilities
and
for
distribution
to
Unitholders,
are
the
Royalty
Interests.
The
Royalty
Interests
consist
of
overriding
royalty
interests
burdening
the
Company's
interest
in
the
Underlying
Properties.
The
Royalty
Interests
generally
entitle
the
Trust
to
receive
65%
of
the
Company's
Gross
Proceeds.
The
Royalty
Interests
are
non-operating
interests
and
bear
only
expenses
related
to
property,
production
and
related
taxes
(including
severance
taxes). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dominion
Resources
Black
Warrior
Trust
is
a
grantor
trust
formed
to
acquire
and
hold
certain
overriding
royalty
interests
burdening
proved
natural
gas
properties
located
in
Pottsville
coal
formation
of
the
Black
Warrior
Basin,
Tuscaloosa
County,
Alabama.
For
the
six
months
ended
6/30/01,
revenues
rose
34%
to
$13.9
million.
Distributable
income
rose
34%
to
$13.5
million.
Results
reflect
an
increase
in
royalty
income
due
to
a
higher
average
price
received. | More
from
Market Guide: Significant
Developments |
| Officers | | The
Trust
has
no
Officers. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|