Mesa Royalty Trust
Mesa Royalty Trust (NYSE: MTR) is a passive publicly traded trust that holds overriding royalty interests in producing oil and gas properties across Kansas, New Mexico, Colorado, and Wyoming, distributing monthly net proceeds to public unitholders.
- Company typePublic
- Founded1980
- HeadquartersHouston, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Mesa Royalty Trust does
Mesa Royalty Trust (NYSE: MTR) is a publicly traded passive investment vehicle organized as an overriding royalty interest trust, formed in 1980 under Texas law and administered by BNY Mellon Trust Company, N.A. as trustee. The trust holds non-operating overriding royalty interests in producing oil and gas properties located in four states: the Hugoton field in Kansas, the San Juan Basin fields in New Mexico and Colorado, and the Yellow Creek field in Wyoming. It does not conduct operations, develop technology, or employ staff in a conventional sense; its sole economic function is to receive production proceeds from working interest owners and distribute net income to public unitholders.
Mesa Royalty Trust firmographics
Firmographics- Name
- Mesa Royalty Trust
- Legal name
- Mesa Royalty Trust
- Website
- https://mtr.q4web.com
- Company type
- Public
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Mesa Royalty Trust (NYSE: MTR) is a passive publicly traded trust that holds overriding royalty interests in producing oil and gas properties across Kansas, New Mexico, Colorado, and Wyoming, distributing monthly net proceeds to public unitholders.
- Ownership category
- akta.pro rank
Mesa Royalty Trust industry classification
Industry- Product category
- Oil and Gas Royalty Trust
- NAICS
- Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (53311)
- SIC
- Oil Royalty Traders (6792)
- akta.pro primary industry
- Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)
- akta.pro secondary industry
- Mineral Rights, Leasing & Land Management (EUALAAAB)
Keywords
Where Mesa Royalty Trust is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Mesa Royalty Trust business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Others
Revenue model
- Royalty Income from Oil and Gas Production: The trust generates revenue through overriding royalty interests in producing oil and gas properties. Monthly income is derived from the sale of oil, natural gas, and hydrocarbons produced from royalty properties, as reported by working interest owners. Revenue fluctuates based on production volumes, commodity prices, and applicable production costs deducted by working interest owners.
Distribution channels1 record
Marketing channels4 records
Mesa Royalty Trust product offering
Product offeringCore offering
Mesa Royalty Trust holds overriding royalty interests in producing oil and gas properties located in the Hugoton field of Kansas, San Juan Basin fields of New Mexico and Colorado, and Yellow Creek field of Wyoming. The trust passively receives monthly net proceeds from working interest owners (primarily Hilcorp San Juan LP and SIMCOE LLC) on the sale of oil, natural gas, and other hydrocarbons, and distributes that income to public unitholders after deducting administrative expenses.
Differentiator
Problem solved
Functional benefit
Products and services
- Mesa Royalty Trust Units (NYSE: MTR)
Quantifiable outcome
- Distribution amounts fluctuate monthly; June 2026: no distribution due to costs exceeding revenue; May 2026: $0.024505172 per unit; April 2026: $0.040259155 per unit
Companies that use Mesa Royalty Trust
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
Mesa Royalty Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mesa Royalty Trust partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and secondary.
- Hilcorp San Juan LPcoreHilcorp San Juan LP, an affiliate of Hilcorp Energy Company, operates the New Mexico portion of the trust's San Juan Basin properties. All income received by the trust in recent months (2026) has come exclusively from these properties operated by Hilcorp San Juan LP. The operator reports production proceeds, prices, and costs to the trust monthly.
- SIMCOE LLCsecondarySIMCOE LLC, an affiliate of IKAV Energy Inc., operates the Colorado portion of the trust's San Juan Basin properties. Historically received some income from Colorado properties, though in 2025-2026 most income has been sourced from New Mexico properties.
- Scout Energy Group V, LPsecondaryScout Energy Group V, LP historically operated the Hugoton Royalty properties in Kansas. No income has been received from Hugoton properties in recent years due to production costs exceeding revenue.
- BNY Mellon Trust Company, N.A.coreBNY Mellon Trust Company, N.A. serves as the trustee and transfer agent for Mesa Royalty Trust. Contact: Elaina Conley-Rodgers at 713-483-6020, located at 601 Travis Street, 16th Floor, Houston, TX 77002.
Scale indicators4 records
Recent moves4 records
Expansion highlights2 records
Mesa Royalty Trust competitors and assessment
Company assessmentBroad incumbents
- Texas Pacific Land Corporation: NYSE-listed owner of significant surface and royalty interests in West Texas, including oil and gas royalties; operates a larger and more diversified royalty portfolio but is in the same business of holding non-operated mineral and royalty rights.
- Black Stone Minerals LP: NYSE-listed partnership and one of the largest US owners of oil and gas mineral interests and royalties; competes for the same acquisition universe and operates a broader, more diversified mineral portfolio.
- Viper Energy Inc. NASDAQ-listed subsidiary of Diamondback Energy that aggregates mineral and royalty interests in the Permian Basin, with a non-operated royalty model highly comparable to Mesa Royalty Trust's holdings.
Direct peers
- Kimbell Royalty Partners: NYSE-listed acquirer and manager of mineral and royalty interests across major US basins; its June 2026 purchase of Mesa Royalties assets establishes it as the most direct recent transactional comparable.
- Cross Timbers Royalty Trust: NYSE-listed trust that holds net profits interests in oil and gas properties, distributing income to unitholders on a monthly basis in the same fashion as Mesa Royalty Trust.
- Sabine Royalty Trust: NYSE-listed royalty trust that holds royalty and overriding royalty interests in oil and gas properties, making it one of the most direct structural comparables to Mesa Royalty Trust.
- Hugoton Royalty Trust: Former OTC-listed trust holding net profits interests in Hugoton-area gas properties; historically the closest geographic and structural peer to Mesa's Hugoton (Kansas) royalty interest package.
- Permian Basin Royalty Trust: NYSE-listed trust that holds overriding royalty interests in oil and gas properties, with a passive trust structure and unit-holder distributions nearly identical to Mesa Royalty Trust's model.
- Dorchester Minerals LP: NASDAQ-listed partnership that owns and manages producing and nonproducing mineral, royalty, overriding royalty, and leasehold interests in US oil and gas properties, with a passive, non-operated model closely paralleling Mesa Royalty Trust's structure.
Regional players
- Freehold Royalties Ltd. TSX-listed Canadian owner of non-operated oil and gas mineral and royalty interests across North America, with a royalty-aggregation business model that directly parallels Mesa Royalty Trust's passive income approach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
Mesa Royalty Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mesa Royalty Trust leadership team
Management profileNumber of profiles
Profiles1 record
Mesa Royalty Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mesa Royalty Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mesa Royalty Trust
What does Mesa Royalty Trust do?
Mesa Royalty Trust holds overriding royalty interests in producing oil and gas properties located in the Hugoton field of Kansas, San Juan Basin fields of New Mexico and Colorado, and Yellow Creek field of Wyoming. The trust passively receives monthly net proceeds from working interest owners (primarily Hilcorp San Juan LP and SIMCOE LLC) on the sale of oil, natural gas, and other hydrocarbons, and distributes that income to public unitholders after deducting administrative expenses.
Is Mesa Royalty Trust a public or private company?
Mesa Royalty Trust is a public company. It is classified as public and is currently operating.
When was Mesa Royalty Trust founded?
Mesa Royalty Trust was founded in 1980. It employs 101 to 250 people.
Where is Mesa Royalty Trust based?
Mesa Royalty Trust is headquartered in Houston, United States, in the North America region.
How does Mesa Royalty Trust make money?
One revenue line is on record: royalty Income from Oil and Gas Production.
Who are Mesa Royalty Trust's main competitors?
Broad incumbents on record are Texas Pacific Land Corporation, Black Stone Minerals LP and Viper Energy Inc.. Direct peers are Kimbell Royalty Partners, Cross Timbers Royalty Trust, Sabine Royalty Trust, Hugoton Royalty Trust, Permian Basin Royalty Trust and Dorchester Minerals LP. Freehold Royalties Ltd. is listed as a regional player.
Does Mesa Royalty Trust have an API?
No public API is recorded for Mesa Royalty Trust.
What industry is Mesa Royalty Trust in?
Mesa Royalty Trust's product category is Oil and Gas Royalty Trust. Its primary akta.pro industry code is FSAHAIAL, Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties), with a secondary code of EUALAAAB, Mineral Rights, Leasing & Land Management. Its NAICS code is 53311 and its SIC code is 6792.