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Oil and Gas Royalty Trusts: Every U.S. Listed Trust Compared (2026)

Oil and gas royalty trusts are a vanishing kind of security: each holds a fixed set of interests and ends under its own terms, and two more ended in the past two years. Here are the fifteen still trading, each from its own latest SEC filing.

AMR Research

Every entry opened on its own site, October 5, 2026

Last updated

Where to look first

A royalty trust holds a fixed set of oil and gas interests and passes almost all the income to its unit holders; it cannot buy new properties, so it shrinks as its wells decline and ends when its terms say it must. That makes each trust’s termination clause as important as its properties.

QuestionAnswer
How many U.S. oil and gas royalty trusts are still trading?15, on the NYSE, Nasdaq or over the counter
Which pay monthly?Permian Basin, San Juan Basin, Sabine, Cross Timbers, Hugoton, Permianville, Mesa and PermRock
Which are in difficulty?San Juan Basin and Hugoton report going concern doubt; Gulf Coast Ultra Deep has no producing well; Pacific Coast is held in dissolution by a lawsuit
Which ended recently?MV Oil Trust in 2026 and BP Prudhoe Bay Royalty Trust in 2024 and 2025
A pumpjack in rural Texas, where most of the royalty trusts still trading hold their interests
A pumpjack in rural Texas

How we checked

Every trust below was read on its own page or filing on October 5, 2026, and each figure is given as that source states it. Nothing here is paid placement, and AMR earns nothing from any organization listed.

Each trust’s latest 10-K or 10-Q was read on SEC EDGAR; the candidates came from EDGAR’s ticker file and its list of royalty trust registrants. This is reference, not investment advice: it gives no prices or yields, and a trust’s status can change with one filing, so check EDGAR for anything after October 5, 2026.

How the trusts compare

TrustTickerDistributionsCreated
Permian Basin Royalty TrustNYSE: PBTMonthly1980
San Juan Basin Royalty TrustNYSE: SJTMonthly1980
Sabine Royalty TrustNYSE: SBRMonthly1982
Cross Timbers Royalty TrustNYSE: CRTMonthly1991
Hugoton Royalty TrustOTCQB: HGTXUMonthly1998
Permianville Royalty TrustNYSE: PVLMonthly2011
Mesa Royalty TrustNYSE: MTRMonthly1979
PermRock Royalty TrustNYSE: PRTMonthly2017
VOC Energy TrustNYSE: VOCQuarterly2010
North European Oil Royalty TrustNYSE: NRTQuarterly1975
Marine Petroleum TrustNasdaq: MARPSQuarterly1956
ECA Marcellus Trust IOTC: ECTMQuarterly2010
Gulf Coast Ultra Deep Royalty TrustOTC: GULTUQuarterly, none expected2012
Chesapeake Granite Wash TrustOTC Pink: CHKRQuarterly2011
Pacific Coast Oil TrustOTC: ROYTLNone paid2012

1. Permian Basin Royalty Trust, NYSE: PBT, created 1980

Permian Basin Royalty Trust holds a 75% net overriding royalty in the Waddell Ranch in Crane County, Texas, and 95% in the Texas Royalty properties.

Ticker
NYSE: PBT
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Sale on a 75% unitholder vote, or if net revenue is under $1 million a year for two years running

A court amended the trust indenture on May 8, 2026, and a plan to combine the trust into PBT Land and Minerals, Inc. needs a unitholder vote.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

2. San Juan Basin Royalty Trust, NYSE: SJT, created 1980

San Juan Basin Royalty Trust holds a 75% net overriding royalty in the San Juan Basin of northwestern New Mexico, operated by Hilcorp.

Ticker
NYSE: SJT
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Ends if gross revenue is under $1.0 million in each of two successive years, or on a 75% vote

It received no royalty income from May 2024 to June 2026, and its filings state substantial doubt about continuing as a going concern.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

3. Sabine Royalty Trust, NYSE: SBR, created 1982

Sabine Royalty Trust holds royalty and mineral interests in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

Ticker
NYSE: SBR
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Ends if gross revenue is under $2,000,000 in two successive years, or on a unitholder vote

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

4. Cross Timbers Royalty Trust, NYSE: CRT, created 1991

Cross Timbers Royalty Trust holds a 90% net profits interest in royalty properties in Texas, Oklahoma and New Mexico, and 75% in working interests in Texas and Oklahoma, from XTO Energy.

Ticker
NYSE: CRT
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Ends if gross revenue is under $1,000,000 a year for two successive years; sale on a 75% vote

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

5. Hugoton Royalty Trust, OTCQB: HGTXU, created 1998

Hugoton Royalty Trust holds an 80% net profits interest in mainly gas working interests in Kansas, Oklahoma and Wyoming.

Ticker
OTCQB: HGTXU
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Ends if gross proceeds are under $1,000,000 a year for two successive years

Its filings state going concern doubt and expect cash to run out in the third quarter of 2026; it dismissed its auditor in April 2026 and filed late notices for both 2026 quarterly reports.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

6. Permianville Royalty Trust, NYSE: PVL, created 2011

Permianville Royalty Trust holds an 80% net profits interest in Texas, Louisiana and New Mexico properties in the Permian Basin and East Texas and North Louisiana.

Ticker
NYSE: PVL
Trustee
The Bank of New York Mellon Trust Company
Distributions
Monthly
How it ends
Dissolves if annual cash proceeds are under $2 million for two consecutive years, or on a 75% vote, a sale or a court order

It was formed as the Enduro Royalty Trust.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

7. Mesa Royalty Trust, NYSE: MTR, created 1979

Mesa Royalty Trust holds an overriding royalty in the Hugoton field in Kansas and the San Juan Basin in New Mexico and Colorado.

Ticker
NYSE: MTR
Trustee
The Bank of New York Mellon Trust Company
Distributions
Monthly
How it ends
Ends if royalty income is under $250,000 in two successive years, or on a unitholder vote

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

8. PermRock Royalty Trust, NYSE: PRT, created 2017

PermRock Royalty Trust holds an 80% net profits interest in the Permian Basin of West Texas.

Ticker
NYSE: PRT
Trustee
Argent Trust Company
Distributions
Monthly
How it ends
Dissolves if annual cash proceeds are under $2.0 million for two consecutive years, or on a 75% vote, a sale or a court order

T2S Permian Acquisition II bought the sponsor’s interest from Boaz Energy in January 2025.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

9. VOC Energy Trust, NYSE: VOC, created 2010

VOC Energy Trust holds an 80% term net profits interest in Kansas and Texas properties of VOC Brazos.

Ticker
NYSE: VOC
Trustee
The Bank of New York Mellon Trust Company
Distributions
Quarterly
How it ends
The interest ends at the later of December 31, 2030 or a set volume produced; 7.7 of the 8.5 million barrels of oil equivalent had been paid by the end of 2025

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

10. North European Oil Royalty Trust, NYSE: NRT, created 1975

North European Oil Royalty Trust holds overriding royalties in the Oldenburg concession in Lower Saxony, Germany, produced by ExxonMobil and Shell affiliates.

Ticker
NYSE: NRT
Trustee
Individual trustees
Distributions
Quarterly
How it ends
Its 10-K states no termination trigger

It is listed in the U.S., but its royalties are German.

Read on October 5, 2026: SEC EDGAR, 10-K for fiscal 2025

11. Marine Petroleum Trust, Nasdaq: MARPS, created 1956

Marine Petroleum Trust holds royalties on Gulf of America leases offshore Louisiana, produced by Chevron.

Ticker
Nasdaq: MARPS
Trustee
Argent Trust Company
Distributions
Quarterly
How it ends
Its term ends June 1, 2041 unless a majority extends it; an 80% vote can sell and end it

Read on October 5, 2026: SEC EDGAR, 10-K for fiscal 2026

12. ECA Marcellus Trust I, OTC: ECTM, created 2010

ECA Marcellus Trust I holds royalty interests in Marcellus Shale wells in Greene County, Pennsylvania, operated by Greylock Production.

Ticker
OTC: ECTM
Trustee
The Bank of New York Mellon Trust Company
Distributions
Quarterly
How it ends
Liquidates about March 31, 2030, when the term royalties revert, or earlier on low proceeds or a majority vote

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

13. Gulf Coast Ultra Deep Royalty Trust, OTC: GULTU, created 2012

Gulf Coast Ultra Deep Royalty Trust holds a 5% gross overriding royalty in ultra deep prospects on the Gulf shelf and onshore South Louisiana.

Ticker
OTC: GULTU
Trustee
The Bank of New York Mellon Trust Company
Distributions
Quarterly, none expected
How it ends
Dissolves by June 3, 2033, or earlier on a sale or a vote

Its only producing well was plugged in 2024.

Read on October 5, 2026: SEC EDGAR, 10-K for 2025

14. Chesapeake Granite Wash Trust, OTC Pink: CHKR, created 2011

Chesapeake Granite Wash Trust holds royalty interests in the Colony Granite Wash in Washita County, Oklahoma, now operated by Diversified.

Ticker
OTC Pink: CHKR
Trustee
The Bank of New York Mellon Trust Company
Distributions
Quarterly
How it ends
Dissolves June 30, 2031, or earlier if distributable cash is under $1.0 million over four quarters

It stopped filing reports with the SEC after November 2024, though its own site lists an August 2026 distribution.

Read on October 5, 2026: SEC EDGAR, 8-K of March 2025

15. Pacific Coast Oil Trust, OTC: ROYTL, created 2012

Pacific Coast Oil Trust holds a net profits interest and a 7.5% overriding royalty in the Santa Maria and Los Angeles basins of California.

Ticker
OTC: ROYTL
Trustee
The Bank of New York Mellon Trust Company
Distributions
None paid
How it ends
Dissolution was triggered after 2020 and 2021; winding up is held back by a unitholder lawsuit set for trial in January 2028

It has filed no 10-K since 2019.

Read on October 5, 2026: SEC EDGAR, 8-K of September 2026

Trusts that ended or stopped filing

Older lists still name these; their own filings say they are gone.

TrustWasWhat happenedFiling
MV Oil TrustFormerly NYSE: MVOEnded June 30, 2026 when its net profits interest expired; final distribution July 24, 20268-K, July 2026
BP Prudhoe Bay Royalty TrustFormerly NYSE: BPTTerminated December 31, 2024; royalty sold September 30, 2025; final distribution October 20258-K, October 2025
Tidelands Royalty Trust BFormerly OTC: TIRTZDeregistered with the SEC in March 2019; whether it is still quoted was not confirmedForm 15, 2019
Whiting USA Trust IIFormerly NYSEStopped filing in January 2022SEC Form 15
SandRidge Mississippian Trust I and II, SandRidge Permian TrustFormerly NYSEStopped filing in 2020 and 2021SEC Form 15

Common questions

What is an oil and gas royalty trust?

A trust that holds royalty or net profits interests in oil and gas properties and distributes the income to holders of its units, which trade like shares.

How is a royalty trust different from a royalty company?

A company can buy new interests and grow; a trust holds a fixed set and ends under its own terms. AMR’s mineral and royalty companies covers the companies.

Which royalty trusts pay monthly?

By their filings: Permian Basin, San Juan Basin, Sabine, Cross Timbers, Hugoton, Permianville, Mesa and PermRock.

Do royalty trusts last forever?

No. Most end when income falls below a set amount for two years, on a unitholder vote, or on a fixed date; each entry gives its trust’s terms.

Summary

Fifteen U.S. oil and gas royalty trusts still trade, and several are near the end of their terms. For a trust’s current state, its latest EDGAR filing is the source; for the law of the minerals beneath it, see AMR’s Mineral Rights by State.

Sources

Every page below was opened on October 5, 2026.

  1. Permian Basin Royalty Trust, 10-K for 2025Read October 5, 2026.
  2. San Juan Basin Royalty Trust, 10-K for 2025Read October 5, 2026.
  3. Sabine Royalty Trust, 10-K for 2025Read October 5, 2026.
  4. Cross Timbers Royalty Trust, 10-K for 2025Read October 5, 2026.
  5. Hugoton Royalty Trust, 10-K for 2025Read October 5, 2026.
  6. Permianville Royalty Trust, 10-K for 2025Read October 5, 2026.
  7. Mesa Royalty Trust, 10-K for 2025Read October 5, 2026.
  8. PermRock Royalty Trust, 10-K for 2025Read October 5, 2026.
  9. VOC Energy Trust, 10-K for 2025Read October 5, 2026.
  10. North European Oil Royalty Trust, 10-K for fiscal 2025Read October 5, 2026.
  11. Marine Petroleum Trust, 10-K for fiscal 2026Read October 5, 2026.
  12. ECA Marcellus Trust I, 10-K for 2025Read October 5, 2026.
  13. Gulf Coast Ultra Deep Royalty Trust, 10-K for 2025Read October 5, 2026.
  14. Chesapeake Granite Wash Trust, 8-K of March 2025Read October 5, 2026.
  15. Pacific Coast Oil Trust, 8-K of September 2026Read October 5, 2026.

Cite this list

American Mineral Registry. "Oil and Gas Royalty Trusts: Every U.S. Listed Trust Compared (2026)." Release 2026.10.1, October 5, 2026. https://americanmineralregistry.com/research/oil-and-gas-royalty-trusts