Welcome to our dedicated page for Bp Prudhoe Bay Rty Tr news (Ticker: BPT), a resource for investors and traders seeking the latest updates and insights on Bp Prudhoe Bay Rty Tr stock.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) provides investors with direct exposure to North Slope Alaska oil production through its overriding royalty interest structure. This dedicated news hub offers comprehensive coverage of operational updates, distribution announcements, and regulatory developments affecting the trust.
Access timely filings, production reports, and market analyses related to Prudhoe Bay's crude oil and condensate outputs. Our curated collection serves as an essential resource for tracking quarterly distributions, annual reserve estimates, and BP Exploration's operational efficiency metrics.
Key updates include royalty payment calculations, WTI price differentials, and transportation cost adjustments that directly influence unit holder distributions. Monitor critical operational factors including production volumes, field maintenance schedules, and environmental compliance reports from Alaska's North Slope region.
Bookmark this page for streamlined access to SEC filings, investor communications, and energy market context essential for evaluating BPT's performance. Regular updates ensure informed decision-making about this unique commodity-linked investment vehicle.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced zero dividend payment for Q1 2025, with the average daily WTI price falling below the break-even point. The quarterly calculation showed:
- Average WTI Price: $71.50
- Average Adjusted Chargeable Costs: $98.89
- Average Production Taxes: $2.46
- Average Per Barrel Royalty: -$29.85
- Average Net Production: 65.6 mb/d
Significantly, the Trust has formally terminated as of December 31, 2024, following two successive years (2023 and 2024) with net revenues below $1.0 million per year. The Bank of New York Mellon Trust Company, as trustee, has begun the wind-up process, though the completion timeline remains uncertain.
BP Prudhoe Bay Royalty Trust (BPT) announced zero dividend payment for Q4 2024 due to negative per barrel royalty calculations. The Trust officially terminated on December 31, 2024, as net revenues fell below $1.0 million for two consecutive years (2023-2024). The average WTI price of $70.32 was below break-even, with adjusted chargeable costs at $91.10 and production taxes at $2.42.
Following termination, the Trustee must sell all Trust assets after obtaining a third-party fair market value opinion. Hilcorp North Slope has a 30-day option to purchase assets at the greater of fair market value or $11,641,600. Additionally, BPT received NYSE non-compliance notice due to trading below $1.00 over 30 consecutive trading days, initiating a six-month cure period to regain compliance or face potential delisting.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) has announced that unitholders will not receive a dividend payment for the quarter ended September 30, 2024. This decision is based on the calculation of the Per Barrel Royalty, which resulted in a negative value for the payment calculation for the quarter. Key factors influencing this outcome include:
- Average WTI Price: $75.20
- Average Adjusted Chargeable Costs: $90.90
- Average Production Taxes: $2.61
- Average Per Barrel Royalty: $(18.31)
- Average Net Production: 59.6 mb/d
The average daily closing WTI price was below the 'break-even' price for the quarter. However, as stipulated in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter cannot be less than zero.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend payment for the second quarter ending June 30, 2024. The Ex-Dividend Date is July 12, 2024, and the Record Date is July 15, 2024, with a dividend rate of $0.00 per unit.
The absence of a dividend is attributed to the calculation method specified in the Trust Agreement, which factors in the West Texas Intermediate (WTI) price, chargeable costs, and production taxes. For Q2 2024, the average WTI price was $80.62, average adjusted chargeable costs were $90.69, and average production taxes were $2.83, leading to a negative average per barrel royalty of -$12.89. The average net production was 61.5 mb/d.
The average daily closing WTI price was below the break-even price for the quarter, resulting in no royalty payment. According to the Trust Agreement, the payment cannot be less than zero.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will not receive a dividend for the quarter ended March 31, 2023. The Ex-Dividend Date is April 14, 2023, with a Record Date of April 17, 2023. The dividend rate is reported at $0.00 per unit due to the average WTI price being below the break-even threshold, resulting in a negative average per barrel royalty of $7.00. Moreover, during this period, the average WTI price was $76.17, while adjusted chargeable costs averaged $80.50, and production taxes averaged $2.67. This situation was compounded by a prior overpayment of $13,279 to the Trust for the quarter ended December 31, 2022, which affected current payment calculations.
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced a quarterly dividend of
