Tuesday, January 11, 2011 3:21:40 AM
Austin Business Journal
Date: Monday, January 10, 2011, 8:42am CST
Related:Energy .
Austin-based energy partnership MV Oil Trust (NYSE: MVO) announced plans to distribute $7.76 million net income to shareholders.
The distribution covers profits the oil and natural gas trust made during the fourth quarter last year, ended Dec. 31, 2010. Unitholders of record on Jan. 18 will receive about 68 cents per unit payable Jan. 25.
The company netted about $9 million on $16 million gross proceeds. The amount includes about $1.3 million MV Partners LLC received in claims from a bankruptcy case SemCrude LP and Eaglwing LP filed in 2008. MV oil property operators Vess Oil Corp. and Murfin Drilling Co. Inc. were due money for oil sold to the bankrupt companies.
MV Partners LLC trust owns interests in oil and natural-gas properties in Kansas and Colorado. It distributed about $6.6 million in dividends the same time last year.
Recent MVO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:13:14 PM
- MV Oil Trust Announces Trust First Quarter Distribution • Business Wire • 04/05/2024 08:15:00 PM
- MV Oil Trust Files 2023 Annual Report on Form 10-K • Business Wire • 03/21/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:15:04 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:15:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 08:15:52 PM
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