Company: MTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001104659-25-029944
Chunk: 16

Company: MESA ROYALTY TRUST/TX
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 16
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)        (Mcf)      (Bbls)      (Bbls)       (Mcf)        (Mcf)      (Bbls)      (Bbls)  
                                                                    195,665      12,145         297      64,875      260,540      13,336         297  
  Year ended December 31, 2023:                                                                                                                       
  Average Sales Price                                                  5.73       26.42       66.65        0.41         3.06       20.29       66.65  
  Average Production Costs (1)                                         2.14       14.15       43.18        1.25         4.63       32.02       43.18  
  Net production volumes attributable to the Royalty paid ﻿(2)        (Mcf)      (Bbls)      (Bbls)       (Mcf)        (Mcf)      (Bbls)      (Bbls)  
                                                                    443,109      23,372         871      81,374      524,483      23,372         871  

(1)

Average production costs attributable to the Royalty are calculated as stated capital costs plus operating costs, divided by stated net production volumes attributable to the Royalty paid. Production costs may be incurred in one operating period and then recovered in a subsequent operating period, which may cause Royalty income paid to the Trust not to agree to the Trust’s Royalty interest in the Net Proceeds.

(2)

Net production volumes attributable to the Royalty are determined by dividing Royalty income by the average sales price received. Any differences noted are due to rounding.

CONTRACTS

Hugoton Royalty Properties

Natural gas and natural gas liquids produced by Scout from the Hugoton Royalty Properties accounted for approximately 0% of the Royalty income of the Trust for the year ended December 31, 2024. Since June 1, 1995 natural gas produced from the Hugoton field has generally been sold under short-term and multi-month contracts to multiple purchasers. Scout has advised the Trust that it expects to continue to market natural gas production from the Hugoton field under short-term and multi-month contracts. Overall average daily market prices received for natural gas from Hugoton Royalty Properties were lower for the year ended December 31, 2024 as