LRT
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LL&E Royalty Trust
(Pink Sheets:LRTR)
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919 Congress Ave. Austin, TX 78701 TX Tel. 512-236-6599 Toll Free 800-852-1422 Fax 512-479-2553 |
Type: Public
LL&E Royalty Trust owns royalty interests in oil and gas properties located in Alabama, Florida, Texas, and offshore Louisiana. Formed in 1983, the trust receives and distributes royalties to shareholders based on the amount of oil and gas sold either to affiliates or on the spot market. Royalty trusts distribute essentially all royalties received to their shareholders, but their profitability is dependent upon the price of oil and gas and the productivity of the properties. LL&E Royalty Trust has proved reserves of 122,300 barrels of oil and 101.4 million cu. ft. of natural gas.
Key numbers for fiscal year ending December, 2010:
Sales: $0.2M
One year growth: (71.0%)
Net income: ($0.6)M
Officers:
VP, The Bank of New York Mellon Trust Company: Royalty Trusts
Competitors:
Marine Petroleum Trust
Sabine Royalty Trust
Torch Energy
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LRT may stand for:
- IATA airport code for Lorient South Brittany Airport, France
- Lewis Roberts-Thomson
- Lithuanian National Radio and Television (Lietuvos nacionalinis radijas ir televizija)
- Light rail, a form of urban rail public transportation
- Urban rail transit systems in different cities and metropolitan areas named:
- Likelihood-ratio test
- London Regional Transport, the organisation responsible for the public transport network in Greater London, UK from 1984-2000
- Long-running transaction
- Lothian Region Transport, the moniker applied to the municipally-owned bus operation in Edinburgh, Scotland from 1975-2000
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