MESA ROYALTY TRUST (MTR)

About

Mesa Royalty Trust was created when Mesa Petroleum Co. conveyed to the Trust an overriding royalty interest (the Royalty) equal to 9% of the net proceeds in certain oil and gas properties located in the Hugoton field of Kansas, the San Juan Basin field of New Mexico and Colorado, and the Yellow Creek field of Wyoming (collectively, the Royalty Properties). The Bank of New York Mellon Trust Company, N.A. is the Trustee of the Trust. The principal property interest conveyed to the Trust accounts was carved out of Pioneer’s (PNR) working interest in 14,437 net producing acres in the Hugoton field. The Trust’s interest in the San Juan Basin was conveyed from PNR’s working interest in 31,328 net producing acres in northwestern New Mexico and southwestern Colorado. The Trust owns an interest in 26,7 gross acres and 25,4 net acres with Fruitland Coal potential.