TEL Offshore Trust

Type: Public

TEL Offshore Trust tells it like it is. There is money in oil and gas. The trust is a passive entity formed to distribute revenues received from TEL Offshore Trust Partnership. The partnership has interests in four major properties in the Gulf of Mexico. Chevron, the managing general partner, operates most of the properties. TEL Offshore Trust's properties have proved reserves of about 137,500 barrels of oil and more than 869 million cu. ft. of natural gas. The trust is set to close down when estimated future revenues from partnership properties fall below $2 million.

Key numbers for fiscal year ending December, 2010:
Sales: $0.0M
One year growth: (86.4%)
Net income: $0.0M

Officers:
VP and Trust Officer, Bank of New York Mellon Trust Company: Royalty Trusts

Competitors:
Cross Timbers Royalty Trust
Marine Petroleum Trust
Sabine Royalty Trust

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