BP Prudhoe Bay Finalizes Royalty Interest Sale
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BP Prudhoe Bay Royalty Trust has finalized an agreement to sell its overriding royalty interest to GREP V Holdings, L.P. for $3.7 million, effective October 1, 2025. Following this sale, the Trust will stop receiving oil production proceeds and cease quarterly cash distributions to unitholders. The net proceeds will be distributed around October 20, 2025. The Trust plans to file a Form 15 with the SEC to suspend reporting obligations and will eventually dissolve after winding up its affairs.
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