BP Prudhoe Bay

BPT NYSE
16.04
-0.04
-0.25%
Closed 17:48 06/18 EDT
Open
16.06
Prev Close
16.08
High
16.28
Low
15.90
Volume
336.01K
Avg Vol (3M)
319.89K
52 Week High
37.23
52 Week Low
15.88
% Turnover
1.57%
Market Cap
343.26M
1D
5D
1M
3M
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Company Profile

BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc. (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit. The Royalty Interest is a non-operational interest in minerals.
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