North European Oil Royalty Trust (NRT)
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North European Oil Royalty Trust Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | John R. Van Kirk CEO | NYSE Exchange | 659310106 CUSIP |
| US Country | 2 Employees | 14 Nov 2025 Last Dividend | 17 Mar 1981 Last Split | 30 Dec 1987 IPO Date |
Overview
North European Oil Royalty Trust, established in 1975 and based in Keene, New Hampshire, operates as a grantor trust. The company's core business revolves around holding overriding royalty rights on gas and oil production across various concessions or leases within the Federal Republic of Germany. Beyond its initial scope, North European Oil Royalty Trust extends its interests into rights under contracts with the German exploration and development subsidiaries of two major industry players - ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. This strategic positioning allows the Trust to leverage significant assets in the energy sector, particularly within a region known for its stringent energy resource management and advanced exploration techniques.
Products and Services
- Gas Well Gas Royalties
- Oil Well Gas Royalties
- Crude Oil Royalties
- Condensate Royalties
- Sulfur Royalties
The Trust collects royalties on the sale of gas well gas, a crucial component of the energy sector in Germany. These revenues are derived from the production output of leases or concessions where the Trust holds overriding royalty rights.
Similar to its gas well gas royalties, North European Oil Royalty Trust also earns from oil well gas, underscoring the diversified nature of its revenue sources within the hydrocarbon industry.
Crude oil production remains a vital part of the Trust's portfolio. Royalties on crude oil sales provide a significant income stream, benefiting from the global demand for oil and its derivatives.
Condensate, a valuable byproduct of gas and oil extraction, contributes to the Trust’s royalties. These earnings come from the processing and sale of condensate derived from operations within their contracts.
The extraction and sale of sulfur, another byproduct of gas and oil production, provide an additional revenue stream for the Trust. Sulfur’s wide range of industrial applications ensures steady demand and, consequently, a consistent royalty income.
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