Dominion Resources Black Warrior Trust is a statutory trust that holds royalty interests in coal properties located in the Black Warrior Basin of Alabama and Mississippi. The trust’s primary business activity is collecting and distributing royalty income generated from coal production on these properties. As a royalty trust, it does not engage in mining operations directly but instead benefits from agreements with third‐party mining companies that extract and market coal.
The trust’s assets consist of mineral rights and royalty interests on a portfolio of coal leases in the central Appalachian region, primarily focused on metallurgical and thermal coal reserves. Income is derived from a percentage of gross proceeds received by producers, providing the trust with a revenue stream tied to coal pricing and production volumes. This structure allows the trust to offer investors exposure to coal commodity markets without bearing the costs and risks associated with extraction and transportation.
Established in the late 1990s as part of a reorganization of Dominion Energy’s coal royalty business, the trust has since maintained a stable asset base. Over the years, agreements with multiple operators in the region have ensured consistent production activity, while periodic lease renewals and land acquisitions have helped preserve the underlying royalty portfolio. The trust’s focus on a geographically concentrated basin has enabled efficient administration and close oversight of mineral assets.
Governance of Dominion Resources Black Warrior Trust is overseen by a board of trustees, with day-to-day management services provided by Dominion Energy Asset Management. The trustees, drawing on expertise in energy, minerals, and finance, are responsible for ensuring accurate royalty accounting, timely distributions, and compliance with regulatory requirements. This oversight framework supports the trust’s objective of delivering reliable income to beneficiaries over the long term.
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