Profile: MV Oil Trust (MVO.N)
22 Jul 2016
MV Oil Trust (the Trust), incorporated on August 3, 2006, is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC's (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado. These oil and gas properties include approximately 1,000 producing oil and gas wells.
The underlying properties located in the El Dorado Area are operated on behalf of MV Partners by Vess Oil Corporation (Vess Oil) and are located in the El Dorado, Augusta and Valley Center Fields. Vess Oil focuses on infill drilling, well re-entries, plugback and deepening recompletion operations, various types of restimulation work and equipment optimization programs to reduce the natural decline in production from these fields.
The El Dorado Field is located atop the Nemaha Ridge in Central Butler County, Kansas. The Augusta Field strikes northeast parallel to the Nemaha Ridge. The Valley Center Field covers approximately 60 square miles of Sedgwick County, Kansas. Production is primarily from the Viola interval, which is located at an average depth of over 2,500 feet. Each of Vess Oil and Murfin Drilling Company, Inc. (Murfin Drilling) operate leases on behalf of MV Partners included in the underlying properties that are located in the Northwest Kansas Area. The primary fields in this area are the Bemis-Shutts, Trapp, Ray and Hansen Fields.
The Bemis-Shutts Field is located on the Fairport Anticline within the Central Kansas Uplift. The field consists of over 17,080 acres in northeastern Ellis and southeastern Rooks Counties, Kansas. The Trapp Field consists of over 35,900 acres in Russell and Barton Counties, Kansas. The Hansen Field is located along the crest of the Stuttgart-Huffstutor Anticline. Its Ray Field is located on the eastern flank of the Central Kansas Uplift. The Hansen and Ray Fields consist of over 7,000 acres in Philips and Norton Counties, Kansas. Murfin Drilling operates the leases held by MV Partners in the Trapp, Hansen and Ray Fields.
MV Oil Trust
919 Congress Ave Fl 5
AUSTIN TX 78701-2102