Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 64

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 64
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  Standardized measure of future Royalty income from proved oil and gas                  17,071        31,126       16,560  
  Revisions of previous estimates                                                           163         (831)        5,933  
  Net changes in price and production costs                                             (8,428)      (11,392)       10,126  
  Royalty income                                                                          (649)       (3,280)      (4,119)  
  Accretion of discount                                                                     750         1,448        2,626  
  Net changes in standardized measure                                                   (8,164)      (14,055)       14,566  
  Standardized measure of future Royalty income from proved oil and gas                   8,907        17,071       31,126  

•

The Hugoton Royalty represents approximately 0% and 0% of the standardized measure of future Royalty income for 2024 and 2023, respectively.

•

Standardized measure at December 31, 2024 was calculated using natural gas prices of $2.022 per thousands of cubic feet (Mcf) for Hugoton Royalty Properties, $2.137 per Mcf for San Juan Basin  -   New Mexico Royalty Properties and $0.336 per Mcf for the San Juan Basin-Colorado Royalty Properties, natural gas liquids prices of $14.91 per barrel (“ Bbl”) for Hugoton Royalty Properties, $29.26 per Bbl for the San Juan Basin-New Mexico Royalty Properties and oil and condensate prices of $66.01 per Bbl for the San Juan Basin Royalty Properties.

48

TABLE OF CONTENTS

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures. The Trustee maintains disclosure controls and procedures designed to ensure that information required to be disclosed by the Trust in the reports that it files or submits under the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and regulations. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is accumulated and communicated by the Working Interest Owners to The Bank of New York Mellon Trust