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BP Prudhoe Bay Royalty Trust Message Board

  • chemicalladdie009 chemicalladdie009 Nov 18, 2012 9:15 AM Flag

    When Trust Ends.....

    BP Trust has no definite termination date. Trust will end when 60% of unit holders vote to terminate the trust and sell of the trust assets or when total royalty distributions fall below $1,000,000 for two consecutive years. BP has first right of refusal to buy the trust assets. The trust has about 1,027 wells producing oil and condensate and was expected to last as a trust until 2027, but that could be a lot less or more years depending on reservoir performance to flooding and gas injection wells to push oil to producing wells. Waterflooding can has negative effects as the millidarcy pores in solid rock become less permiable due to suspended matter in the flood water.

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