Hilcorp has a reputation of improving production in older, depleting oil fields. Image source: Getty Images. The Prudhoe Bay unit, formed in 1977 is operated by BP. According to the press release, subject to state and federal regulatory approval, the transaction is expected to be completed in 2020. Hilcorp is buying ALL of BP Alaska and therefore absorbing the share of the Prudhoe Bay Unit. BP Prudhoe Bay Royalty Trust 8K SEC filings breakout by MarketWatch. BP Prudhoe Bay Royalty Trust published this content on 30 August 2019 and is solely responsible for the information contained therein. “Hilcorp is a leader in taking on legacy oil and gas assets across the United States and reinvigorating production with innovation and … The $5.6 billion sale includes BP's stakes in the Trans Alaska Pipeline and the Prudhoe Bay oil field, one of the nation's largest and once its most productive oil field, which BP currently operates. The company was founded in 1989 and is based in Austin, Texas. BP Prudhoe Bay Royalty Trust has a top yield, but it may not last long. Like the BP Prudhoe Bay Royalty Trust, Hilcorp was founded in 1989. Search / Go . 601 Travis Street, 16th Floor Houston, Texas 77002 713-483-6020 bp’s rich history in the state includes drilling the confirmation well for the massive Prudhoe Bay oil field in 1968 and helping build the 800-mile Trans Alaska Pipeline in the mid-1970s. For years, BP has been reducing its role in Alaska, where oil production for fallen with declines at the Prudhoe Bay field.
Bp Prudhoe Bay Royalty Trust Form 8-K. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. HILCORP IS A COMPANY BUILT ON ENERGY… The energy of our people and the energy we produce. 2020-04-03: EX-99.1: BP Prudhoe Bay Royalty Trust Press Release issued April 3, 2020 EX-99.1 Exhibit 99.1 BP PRUDHOE BAY ROYALTY TRUST ANNOUNCES NO UNIT PAYMENT FOR FIRST QUARTER 2020 April 3, 2020, Houston, TX This is to advise you that BP Prudhoe Bay Royalty Trust (NYSE Symbol: BPT) announces that the dividend information for the First Quarter of 2020 is as follows: Ex- Dividend Date: … Hilcorp is also an experienced Alaska operator, having done business there for years in the Cook Inlet near Anchorage, and since 2012 in the Prudhoe Bay area. BP Prudhoe Bay Royalty Trust Message board - Online Community of active, educated investors researching and discussing BP Prudhoe Bay Royalty Trust Stocks. Distributed by Public, unedited and … The BP Prudhoe Bay Royalty Trust is a United States oil and natural gas royalty trust based in New York, New York. Working Interest as defined in the Overriding Royalty Conveyance. BP PRUDHOE BAY ROYALTY TRUST.
BP Prudhoe Bay Royalty Trust Agreement dated February 28, 1989 among The Standard Oil Company, BP Exploration (Alaska) Inc., The Bank of New York Trustee, and F. James Hutchinson, Co-Trustee. The big catalyst for the drop was the trust… We are one of the largest, privately-held exploration and production companies in the United States. The deal will make Hilcorp the second-largest producer in Alaska behind ConocoPhillips, and includes all of BP's Prudhoe Bay assets as well as its midstream assets in the state. Form 8-K (Filer) Published: 2019-08-30 10:32:55 Submitted: 2019-08-30 Period Ending In: 2019-08-27. Energy that keeps the lights on and helps make America energy independent.
BP personnel have stated they believe there is another billion barrels of recoverable oil at Prudhoe Bay and they praised Hilcorp’s ability to squeeze more oil out of aging fields as demonstrated at assets the Houston-based company acquired from BP in 2014. As of September 2019, the Prudhoe Bay unit contained 12 participating areas, 254,235 acres and has an average lease ownership of 26.36% BP, 36.4% ExxonMobil Alaska Production, 36.08% ConocoPhillips Alaska … The BP Prudhoe Bay Royalty Trust pays a royalty based on the oil production from the Prudhoe Bay Unit alone. Elaina Conley-Rodgers BNY Mellon Trust Company, N.A. Shares of oil and gas royalty trust BP Prudhoe Bay are down 17% as of 11:45 a.m. EDT today. BP Prudhoe Bay Royalty Trust ... a part of the overall reserves in the Prudhoe Bay Unit. With a market capitalization of US$155 million in early 2020, and an average trading volume of 322,000 shares, BP Prudhoe Bay Royalty Trust is the largest conventional oil and gas trust … Alaska (including oil and gas leases in the Prudhoe Bay field), and BP Pipelines (Alaska) Inc.’s interest in the Trans Alaska Pipeline System (TAPS). Jul 18, 2019.