Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 50

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 50
---
US

                                                         Years Ended December 31,                   
                                                                             2024                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Trust corpus, beginning of year                                       3,040,907        2,690,465  
  Cash reserves withheld for current Trust expenses                        72,000          350,000  
  Distributable income                                                    462,956        2,856,814  
  Distributions to unitholders                                          (393,144)      (2,773,768)  
  Amortization of net overriding royalty interests                       (52,845)         (82,604)  
  Trust corpus, end of year                                             3,129,874        3,040,907  

(The accompanying notes are an integral part of these financial statements.)

39

TABLE OF CONTENTS

MESA ROYALTY TRUST

NOTES TO FINANCIAL STATEMENTS

Note 1  -   Trust Organization and Provisions

The Mesa Royalty 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 Securities and Exchange Commission (“ SEC”) and other information. Any reports filed with the SEC are accessible through the Trust’s website as soon as reasonably practicable after the Trustee electronically files such material with, or furnish it to, the SEC. The Trust’s website is http://mtr. q4web. com/home/default. aspx.

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