Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 0

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 0
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Item 1. Business.

DESCRIPTION OF THE TRUST

The Trust, created under the laws of the State of Texas, maintains its offices at the office of the Trustee, The Bank of New York Mellon Trust Company, N. A., (the “ Trustee”), 601 Travis Street, Floor 16, Houston, Texas 77002. The telephone number of the Trust is 713-483-6020. The Trust has no employees. Administrative functions of the Trust are performed by the Trustee. The Trustee maintains a website for the Trust that makes available, free of charge, filings by the Trust with the SEC and other information. Any reports filed with the SEC are accessible free of charge through the Trust’s website as soon as reasonably practicable after the Trustee electronically files such material with, or furnishes it to, the SEC. The Trust’s website is http://mtr. q4web. com/home/default. aspx. Information contained on, or that can be accessed through the Trust’s website, is not incorporated by reference into this Form 10-K, and you should not consider information on the Trust’s website to be part of this Form 10-K. The SEC maintains a website at www. sec. gov that contains reports and other information regarding SEC registrants, including the Trust.

Trust Corpus Description. The Mesa Royalty Trust (the “ Trust”) was created on November 1, 1979, and is now governed by the Mesa Royalty Trust Indenture (as amended, the “ Trust Indenture”). Through a series of conveyances, assignments, and acquisitions, the Trust currently owns an overriding royalty interest (the “ Royalty”) equal to 11.44% of 90% of the Net Proceeds (as defined in the Conveyance and described below) attributable to the specified interest in certain producing oil and gas properties located in the:

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Hugoton field of Kansas (the “ Hugoton Royalty Properties”);

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San Juan Basin field of New Mexico (the “ San Juan Basin  -   New Mexico Properties”); and

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San Juan Basin field of Colorado (the “ San Juan Basin  -   Colorado Properties”, and together with the “ San Juan Basin  -   New Mexico Properties, the “ San Juan Basin Royalty Properties”, and together with the Hugoton Royalty Properties, the “ Royalty Properties”).

Trust Corpus Conveyance History. On November 1, 1979,