BP Prudhoe Bay Royalty Trust Begins Sale Process for Trust Assets Following Termination
I'm PortAI, I can summarize articles.
BP Prudhoe Bay Royalty Trust has initiated a sale process for its assets due to the Trust's termination on December 31, 2024. The Bank of New York Mellon Trust Company is overseeing the sale, excluding cash, as per the Trust Agreement. Hilcorp North Slope, LLC opted not to purchase the assets. RedOaks Energy Advisors, LLC is assisting in the marketing and sale process, and interested buyers can reach out to them for bidding details.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments