Dominion Resources Black Warrior Trust (DOMR)

Overview

Dominion Resources Black Warrior Trust is a distinct entity that operates within the United States as a grantor trust. Focused on the energy sector, particularly natural gas, the company has a specialized business model. Established in 1994 with its foundational operations based in Dallas, Texas, its strategic engagement in the acquisition and management of overriding royalty interests marks a unique positioning in the natural gas market. These interests specifically pertain to properties that are proven to be rich in natural gas within the Pottsville coal formation located in the historically significant Black Warrior Basin in Tuscaloosa County, Alabama. This focus not only delineates its operational framework but also highlights its geographical and geological areas of interest.

Products and Services

• Acquisition of Overriding Royalty Interests:

This service involves the strategic acquisition of overriding royalty interests which are legal rights to a fraction of the production or the revenues from the production of natural gas. These interests are acquired without the associated burden of development costs, which allows Dominion Resources Black Warrior Trust to gain financial benefits from the natural gas extracted from the Pottsville coal formation, within the Black Warrior Basin.

• Holding of Proved Natural Gas Properties:

The company specializes in holding interests in properties that have been proven to contain natural gas, specifically targeting the Black Warrior Basin in Alabama. This careful selection and management of assets ensure the trust's sustained income, derived from the continuous extraction and sale of natural gas. This approach not only underscores Dominion Resources Black Warrior Trust’s investment strategy but also its commitment to capitalizing on the natural resources within a specified geological framework.