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  September 5, 2001
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Home > Company Index > Financial Services > Royalty Trusts > TEL Offshore Trust

TEL Offshore Trust
Nasdaq (SC): TELOZ
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 PROFILE
TEL Offshore Trust gets paid way before the pump. The trust is a passive entity formed to distribute revenues received from TEL Offshore Trust Partnership. The partnership has interests in more than 15 oil platforms located in the Gulf of Mexico off the shore of Louisiana. Chevron, the managing general partner, operates most of the properties. For its ownership, the trust gets one-quarter of the partnership's income. The trust is set to self-destruct when estimated future revenues from partnership properties falls below $2 million; current estimates are more than $25 million. Oil and gas firm Magnum Hunter Resources owns approximately 40% of the trust.

 COMPETITION
Marine Petroleum Trust (MARPS)
Sabine Royalty Trust (SBR)
Santa Fe Energy Trust (SFF)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7.50
1-Yr. Sales Growth: 147.5%

 KEY PEOPLE
• Mike Ulrich
    CEO

 CONTACT INFO
712 Main St.
Houston, TX 77002
US
Phone: 713-216-5712
Fax: 713-216-5476

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