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Marine Petroleum Trust
Argent Trust Company
3838 Oak Lawn Avenue, Suite 1720
Phone: (972) 919-1355p:972 919-1355 DALLAS, TX  75219  United States Ticker: MARPSMARPS

Business Summary
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license agreements and amendments between the Trust’s predecessors and Gulf Oil Corporation (Gulf). Its Indenture provides that the corporate trustee is to distribute all cash in the Trust, less an amount reserved for the payment of accrued liabilities and estimated future expenses, to unitholders of record on the last business day of February, May, August and November. The payments are to be made on the 28th day of September, December, March and June of each year. The Trust’s subsidiary, Marine Petroleum Corporation (MPC), holds title to interests in properties that are situated offshore of Louisiana. MPC is engaged in the administration and collection of royalties. MPC rights are generally referred to as overriding royalty interests in the oil and natural gas industry.
(Source: 10-K)

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
Morningstar DBRS
Rating
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Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/20236/30/2023YesYes---

Industries
SIC Code Description
6792 Oil royalty traders
1311 Crude petroleum and natural gas

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Administrator R. RayBell 77

General Information
Outstanding Shares: 2,000,000 (As of 2/1/2024)
Shareholders: 312
Stock Exchange: NASD
Federal Tax Id: 756008017


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Sunday, March 24, 2024