MV Oil Trust (NYSE:MVO) (NYSE: MVO) is a statutory trust organized under the laws of Delaware. Established in 1986, the trust was formed to hold and manage a specified net overriding royalty interest in oil production from the DeWitt Rodriguez Unit in Webb County, Texas. MV Oil Trust itself does not engage in exploration, drilling or direct production activities, but rather receives and distributes proceeds generated by third-party operators in the designated unit.
The core business activity of MV Oil Trust centers on its 1/64th net overriding royalty interest in the DeWitt Rodriguez Unit. This royalty interest entitles the trust to a share of the gross proceeds from oil and gas extracted by the unit operator, after allowable costs and tariffs. Revenues generated by this arrangement are collected monthly and generally passed through to trust unitholders in the form of cash distributions, subject to the administrative expenses of the trust.
Over its history, MV Oil Trust has remained focused on the long-term management of the royalty interest without incurring operational or capital expenditure risk. The trust’s governance framework provides that a professional trustee administers all financial receipts, oversees auditing and reporting, and ensures compliance with the trust agreement. This streamlined structure has allowed MV Oil Trust to maintain low overhead and transparent reporting.
The trust’s activities are overseen by an independent trustee, Wilmington Trust, National Association, serving as successor trustee. Administrative functions, including record-keeping, distribution processing and regulatory filings, are performed under the trustee’s supervision. Through this governance model, MV Oil Trust offers investors a passive, royalty-based exposure to oil production in a mature Texas field without the complexities of direct operational involvement.
