MESA ROYALTY TRUST/TX

Mesa Royalty Trust is a passive grantor trust that holds overriding royalty interests in producing oil and natural gas properties. The Trust does not operate wells or conduct drilling activities directly; rather, its sole function is to collect net proceeds from mineral production and distribute the net funds to its unitholders. Working interest operators manage field operations, extract oil, gas, and associated minerals, and market the output to wholesale purchasers.

The Trust's royalty interests derive from working interests across producing acreage in the United States, specifically located in the Hugoton field of Kansas and the San Juan Basin across northwestern New Mexico and southwestern Colorado. The properties are operated by third-party working interest owners, including Scout Energy Group, Hilcorp, Simcoe, and Red Willow Production Company. The Trust maintains its principal executive offices at the office of its trustee, The Bank of New York Mellon Trust Company, N.A., in Houston, Texas.

Summary of the business section of Mesa Royalty Trust's latest annual report, written by StockData.