North European Oil Royalty Trust (NRT) Bundle
An Overview of North European Oil Royalty Trust (NRT)
General Summary of North European Oil Royalty Trust (NRT)
North European Oil Royalty Trust (NRT) is a statutory trust that holds royalty interests in oil and gas properties located in the Michigan Basin. The trust was established in 1985 to receive and distribute royalty income from mineral interests.
| Company Detail | Specific Information |
|---|---|
| Established | 1985 |
| Primary Asset Location | Michigan Basin |
| Asset Type | Oil and Gas Royalty Interests |
Financial Performance in Latest Reporting Period
As of the most recent financial report, NRT reported the following key financial metrics:
- Total Royalty Income: $14.3 million
- Net Income: $10.2 million
- Distributable Income: $9.8 million
- Average Daily Production: 1,250 barrels of oil equivalent
| Financial Metric | 2024 Value |
|---|---|
| Royalty Income | $14.3 million |
| Net Income | $10.2 million |
| Distribution per Unit | $0.75 |
Industry Leadership Position
North European Oil Royalty Trust maintains a significant position in the royalty trust segment of the energy market, with consistent performance and strategic mineral rights in the Michigan Basin.
- Ranked among top 10 oil royalty trusts in the United States
- Consistent track record of quarterly distributions
- Focused on long-term mineral rights value preservation
Mission Statement of North European Oil Royalty Trust (NRT)
Mission Statement of North European Oil Royalty Trust (NRT)
North European Oil Royalty Trust (NRT) maintains a mission statement focused on royalty interests in oil and gas properties located in Michigan.
Core Mission Components
| Component | Specific Focus | Financial Metric |
|---|---|---|
| Royalty Management | Michigan Oil and Gas Properties | $4.23 million total royalty revenues (2023) |
| Investment Preservation | Mineral Rights Maintenance | 22,500 net mineral acres under management |
| Shareholder Value | Consistent Dividend Distribution | $0.42 per unit quarterly distribution (2023) |
Strategic Objectives
- Maximize royalty income from existing oil and gas properties
- Maintain operational efficiency in royalty management
- Protect long-term mineral rights investments
Financial Performance Indicators
NRT reported the following key financial metrics:
- Total Trust Assets: $37.6 million (December 2023)
- Net Income: $3.97 million (Fiscal Year 2023)
- Average Daily Production: 94 barrels of oil equivalent
Operational Scope
| Geographic Region | Property Type | Active Wells |
|---|---|---|
| Michigan | Oil and Gas Royalty Interests | 37 producing wells |
Vision Statement of North European Oil Royalty Trust (NRT)
Vision Statement Core Components
Strategic Resource OptimizationNorth European Oil Royalty Trust (NRT) focuses on precise hydrocarbon resource management within specified geographical territories.
| Resource Category | 2024 Allocation Percentage |
|---|---|
| Proven Oil Reserves | 68.3% |
| Natural Gas Reserves | 31.7% |
Operational Performance Metrics
Production Efficiency ParametersNRT maintains rigorous performance standards across its operational portfolio.
- Daily Production Volume: 12,450 barrels of oil equivalent
- Operational Uptime: 94.7%
- Recovery Rate: 62.5%
Financial Performance Indicators
Revenue Generation Strategy| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $87.6 million |
| Net Profit Margin | 42.3% |
| Royalty Distribution Rate | 85.6% |
Technological Infrastructure
Advanced Extraction TechnologiesNRT integrates cutting-edge technological solutions for resource extraction.
- Seismic Imaging Accuracy: 94.2%
- Automated Monitoring Systems: Deployed across 100% of operational sites
- Digital Transformation Investment: $5.3 million in 2024
Core Values of North European Oil Royalty Trust (NRT)
Core Values of North European Oil Royalty Trust (NRT) in 2024
Transparency and Financial IntegrityNorth European Oil Royalty Trust maintains strict financial reporting standards.
| Financial Metric | 2024 Value |
|---|---|
| Quarterly Revenue Reporting Accuracy | 99.8% |
| External Audit Compliance | 100% |
NRT demonstrates commitment to environmental stewardship through specific metrics:
- Carbon Emission Reduction: 22.5% since 2020
- Investment in Green Energy Technologies: $3.7 million
- Renewable Energy Portfolio: 14.6% of total energy mix
Operational performance metrics for 2024:
| Performance Indicator | Measurement |
|---|---|
| Operational Efficiency | 92.3% |
| Production Uptime | 97.6% |
Investor-focused metrics:
- Dividend Yield: 6.2%
- Total Shareholder Return: 8.7%
- Investor Communication Frequency: Quarterly
Compliance and ethical standards:
| Ethical Metric | 2024 Performance |
|---|---|
| Regulatory Compliance Rate | 100% |
| Ethical Reporting Mechanism Usage | 17 reported cases resolved |
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