MARPS Profile
Marine Petroleum Trust, alongside its subsidiary Marine Petroleum Corporation, functions as a prominent royalty trust operating within the United States. Specializing in the energy sector, the company holds an overriding royalty interest in 55 oil and natural gas leases spanning approximately 199,868 gross acres. These leases are strategically located in the Central and Western regions of the Gulf of Mexico, positioned off the coasts of Louisiana and Texas. This geographical focus underscores Marine Petroleum Trust's pivotal role in facilitating energy production and exploration activities within key offshore oil and gas fields.
Established in 1956 and headquartered in Dallas, Texas, Marine Petroleum Trust has built a robust legacy as a reliable participant in the royalty trust sector. The company's operational model revolves around generating passive income streams through its interests in oil and natural gas leases, thereby providing shareholders with consistent returns derived from production activities in the Gulf of Mexico. Marine Petroleum Trust's enduring commitment to transparency and investor value has solidified its reputation as a trusted entity in the energy royalties market.
Beyond its core business activities, Marine Petroleum Trust is dedicated to maintaining compliance with industry regulations and fostering responsible resource management practices. By prioritizing environmental stewardship and operational efficiency, the company strives to enhance sustainability across its portfolio of oil and gas assets. With a forward-thinking approach and a focus on operational excellence, Marine Petroleum Trust continues to navigate dynamic energy markets while optimizing value for its stakeholders.
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