Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 63

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 63
---
11,000        388,000        5,777,000  
  December 31, 2024                                     9,000        337,000        4,536,000  

•

The Hugoton Royalty represents 0%, 0% and 4% of the estimated proved natural gas liquids reserves and 0%, 0% and 5% of the estimated proved natural gas reserves as of December 31, 2024, 2023, and 2022, respectively.

•

The December 31, 2024, 2023, 2022, 2021, and 2020 reserve estimates for the Hugoton Royalty Properties were prepared by a third-party reservoir engineering firm.

•

There were no Proved Undeveloped Reserves in any of the years covered by the table.

47

TABLE OF CONTENTS

STANDARDIZED MEASURE OF FUTURE ROYALTY INCOME FROM PROVEDOIL AND GAS RESERVES, DISCOUNTED AT 10% PER ANNUM(Unaudited Estimates)

                                                                                      As of December 31,                                            
                                                                                      2024                                                          
                                                                                      (In thousands)                                                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  The Trust’s proportionate share of future Gross Proceeds                                                      28,161        52,010       102,456  
  The Trust’s proportionate share of future operating costs                                                    (6,613)       (9,763)      (25,886)  
  Future capital costs                                                                                         (1,493)       (1,729)       (2,430)  
  Future Royalty income                                                                                         20,055        40,518        74,140  
  Discount at 10% per annum                                                                                   (11,148)      (23,447)      (43,014)  
  Standardized measure of future Royalty income from proved oil and gas reserves                                 8,907        17,071        31,126  

CHANGES IN THE STANDARDIZED MEASURE OF FUTURE ROYALTY INCOME FROMPROVED OIL AND GAS RESERVES, DISCOUNTED AT 10% PER ANNUM(Unaudited Estimates)

                                                                             As of December 31,                             
                                                                                           2024                             
                                                                                 (In thousands)                             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────