Welcome to our dedicated page for MV Oil Trust news (Ticker: MVO), a resource for investors and traders seeking the latest updates and insights on MV Oil Trust stock.
MV Oil Trust (MVO) is a statutory trust that operates in the oil and natural gas sector. The Trust's primary assets are the net interests in oil and natural gas properties owned by MV Partners, LLC. These properties are strategically located in the Mid-Continent region of the United States, specifically in Kansas and Colorado. MV Oil Trust benefits from the production of oil and gas wells situated in these regions, which are known for their rich resources.
MV Oil Trust generates income from the sale of oil and natural gas produced from its properties. This income is distributed to unit holders of the Trust. The Trust provides a reliable income stream to its investors by leveraging its productive wells and the expertise of MV Partners in managing and operating these assets.
In terms of recent achievements, MV Oil Trust continues to maintain steady production levels and has managed its resources efficiently to ensure consistent returns to its unit holders. The Trust is committed to maximizing the value of its underlying properties through strategic management and operational excellence.
Financially, MV Oil Trust has shown resilience amid fluctuating market conditions due to its diversified portfolio of oil and gas assets. The Trust's focus on cost-effective operations and prudent financial management has enabled it to sustain its distribution payments to investors.
MV Oil Trust's operations are crucial in contributing to the energy supply in the Mid-Continent region. By focusing on efficient production and management of its oil and gas wells, the Trust plays a significant role in the regional energy landscape.
For investors seeking stable income from the energy sector, MV Oil Trust offers a compelling investment opportunity. Its strategic assets, experienced management, and consistent performance make it a noteworthy entity in the oil and natural gas industry.
MV Oil Trust (NYSE: MVO) announced a distribution of net profits for the quarter ending September 30, 2022, of $7,877,500, equating to $0.685 per unit. This payment will be distributed on October 25, 2022, to unitholders recorded by October 17, 2022. Key figures include production volume of 163,043 BOE, an average price of $97.16 per BOE, and net profits of $10,253,592. A portion of proceeds will be withheld to build a cash reserve of approximately $1.265 million to manage future expenses.
MV Oil Trust (NYSE: MVO) declared a net profit distribution of
MV Oil Trust (NYSE: MVO) announced a net profit distribution of $4,887,500, equating to $0.425 per unit, for the first quarterly payment period ending March 31, 2022. The distribution will be paid on April 25, 2022, to unitholders of record as of April 18, 2022. The trust recorded a total volume of 144,512 BOE and an average price of $77.07 per BOE, resulting in gross proceeds of $11,138,205 and net profits of $6,553,256 after costs of $4,584,949. The Trust is also building a cash reserve for future expenses, withholding $105,417 this quarter.
MV Oil Trust (NYSE: MVO) filed its Annual Report on Form 10-K for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission on March 17, 2022. The report includes audited financial statements and is available online on the Trust's website and the SEC's website. Trust unitholders can request a printed copy of the report, free of charge, by contacting the Trustee, The Bank of New York Mellon Trust Company, N.A., in Houston, TX.
MV Oil Trust (NYSE: MVO) announced a quarterly distribution of net profits for Q4 2021, amounting to $4,715,000 or $0.41 per unit, payable on January 25, 2022. The distribution is for unitholders of record as of January 14, 2022. For the payment period, the Trust reported a total volume of 161,030 BOE and gross proceeds of $11,618,783. The net profits amounted to $6,355,851, with costs at $5,262,932. Additionally, a reserve will be created for future expenses, starting with this distribution.
MV Oil Trust (NYSE: MVO) announced its second quarterly distribution of net profits for the period ending June 30, 2021. Unitholders on record as of July 16, 2021, will receive a total distribution of $3,450,000, equivalent to $0.300 per unit, payable on July 23, 2021. For this period, the Trust reported a total volume of 166,357 BOE, an average price of $58.05 per BOE, and net profits of $4,594,878. Notably, gross proceeds stood at $9,657,182 with costs amounting to $5,062,304. The net cash proceeds available for distribution amount to $3,450,000 after accounting for estimated Trust expenses.
MV Oil Trust (NYSE: MVO) announced a distribution of net profits amounting to $2,415,000 or $0.210 per unit for the quarter ending March 31, 2021, payable on April 23, 2021, to unitholders of record as of April 15, 2021.
The Trust reported total volumes of 157,196 BOE at an average price of $47.11 per BOE, leading to gross proceeds of $7,405,502. After accounting for costs of $4,127,535, net profits for the quarter were $3,277,967.
MV Oil Trust (NYSE: MVO) filed its Annual Report on Form 10-K for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission on March 16, 2021. The report contains audited financial statements and is accessible on the Trust's website and the SEC's site. Unitholders can request a printed copy free of charge by contacting Elaina C. Rodgers at The Bank of New York Mellon Trust Company.
MV Oil Trust (NYSE: MVO) announced a net profit distribution of $1,265,000, translating to $0.110 per unit for the fourth quarter ending December 31, 2020. Unitholders of record as of January 15, 2021, will receive this amount on January 25, 2021. During this period, the Trust reported a total volume of 166,749 barrels of oil equivalent (BOE) with an average price of $35.31 per BOE. Gross proceeds were $5,887,465, with costs amounting to $4,229,026, resulting in net profits of $1,658,440.
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