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About
Marine Petroleum Trust operates as a royalty trust, which engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX. | |||
Description
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of September 1, 2016, it had an overriding royalty interests in 59 oil and natural gas leases covering an aggregate of 217,056 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas. |