Tel Offshore Trust (TELOZ) 0.2200 $TELOZ
TEL Offshore Trust Announces Filing of Petition for Modification and Termination of Trust
Business Wire - Thu Jul 10, 3:30PM CDT
TEL OFFSHORE TRUST announced that on July 10, 2014, The Bank of New York Mellon Trust Company, N.A., as Corporate Trustee, Gary C. Evans, Jeffrey S. Swanson and Thomas H. Owen Jr., as Individual Trustees (collectively, the "Trustees"
filed a Petition for Modification and Termination of Trust (the "Petition" with the Probate Court of Travis County, Texas (the "Court" . The Petition requests the Court to modify the TEL Offshore Trust Agreement (the "Trust Agreement" to (1) allow for the termination of the TEL Offshore Trust (the "Trust" by a court order, and (2) allow the Trustees, as necessary to fulfill the purposes of the Trust and without the approval of the Trust's unitholders, to (a) sell all or any portion of the Trust's interest in the TEL Offshore Partnership (the "Partnership" or any other assets of the Trust, (b) exercise their rights to dissolve the Partnership, or (c) cause the Partnership to sell the remaining overriding royalty interest owned by the Partnership.
TEL Offshore Trust Announces There Will Be No Second Quarter 2014 Distribution
Business Wire - Wed Jul 02, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the second quarter of 2014 for unitholders of record on June 30, 2014. The Trust has not been able to make a distribution to unitholders for twenty-two consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's second quarter of 2014 reflects financial and operating information with respect to the royalty properties for the months of February, March, and April 2014.
TEL Offshore Trust Oil & Gas Exploration and Production Operations and Cost Analysis - 2012
M2 - Mon Sep 16, 3:31AM CDT
Summary
TEL Offshore Trust Announces Auction Process for Sale of Royalty Interest
Business Wire - Fri Aug 30, 3:19PM CDT
TEL OFFSHORE TRUST (the "Trust" announced that Chevron U.S.A. Inc. ("Chevron" , as the managing general partner of the TEL Offshore Trust Partnership (the "Partnership" , has commenced a formal auction process for the sale by the Partnership of its overriding royalty interest, or "Royalty," equivalent to a 20% net profits interest, in certain oil and gas properties located offshore Louisiana (the "Royalty Properties" . The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the Royalty. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the Royalty.
DrStockPick Daily Stock Watch TEL Offshore Trust (OTCQB:TELOZ), Crown Equity Holdings, Inc. (OTCQB:CRWE), and Commonwealth Bankshares, Inc. (OTCQB:CWBS)
WorldStockWire - Wed Jul 24, 11:00AM CDT
DrStockPick.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
TEL Offshore Trust Announces There Will Be No First Quarter 2013 Distribution
Business Wire - Tue Apr 09, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the first quarter of 2013 for unitholders of record on March 31, 2013. The Trust has not been able to make a distribution to unitholders for seventeen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's first quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of November and December 2012 and January 2013.
TEL Offshore Trust Announces There Will Be No Fourth Quarter 2012 Distribution
Business Wire - Fri Dec 21, 3:10PM CST
TEL OFFSHORE TRUST announced that there will be no trust distribution for the fourth quarter of 2012 for unitholders of record on December 31, 2012. The Trust has not been able to make a distribution to unitholders for sixteen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's fourth quarter of 2012 reflects financial and operating information with respect to the royalty properties for the months of August, September and October 2012.
TEL Offshore Trust Announces Filing of Petition for Modification and Termination of Trust
Business Wire - Thu Jul 10, 3:30PM CDT
TEL OFFSHORE TRUST announced that on July 10, 2014, The Bank of New York Mellon Trust Company, N.A., as Corporate Trustee, Gary C. Evans, Jeffrey S. Swanson and Thomas H. Owen Jr., as Individual Trustees (collectively, the "Trustees"
filed a Petition for Modification and Termination of Trust (the "Petition" with the Probate Court of Travis County, Texas (the "Court" . The Petition requests the Court to modify the TEL Offshore Trust Agreement (the "Trust Agreement" to (1) allow for the termination of the TEL Offshore Trust (the "Trust" by a court order, and (2) allow the Trustees, as necessary to fulfill the purposes of the Trust and without the approval of the Trust's unitholders, to (a) sell all or any portion of the Trust's interest in the TEL Offshore Partnership (the "Partnership" or any other assets of the Trust, (b) exercise their rights to dissolve the Partnership, or (c) cause the Partnership to sell the remaining overriding royalty interest owned by the Partnership. TEL Offshore Trust Announces There Will Be No Second Quarter 2014 Distribution
Business Wire - Wed Jul 02, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the second quarter of 2014 for unitholders of record on June 30, 2014. The Trust has not been able to make a distribution to unitholders for twenty-two consecutive quarters, or since January 9, 2009. Except as disclosed below, the financial and operating information included herein for the Trust's second quarter of 2014 reflects financial and operating information with respect to the royalty properties for the months of February, March, and April 2014.
TEL Offshore Trust Oil & Gas Exploration and Production Operations and Cost Analysis - 2012
M2 - Mon Sep 16, 3:31AM CDT
Summary
TEL Offshore Trust Announces Auction Process for Sale of Royalty Interest
Business Wire - Fri Aug 30, 3:19PM CDT
TEL OFFSHORE TRUST (the "Trust"
announced that Chevron U.S.A. Inc. ("Chevron" , as the managing general partner of the TEL Offshore Trust Partnership (the "Partnership" , has commenced a formal auction process for the sale by the Partnership of its overriding royalty interest, or "Royalty," equivalent to a 20% net profits interest, in certain oil and gas properties located offshore Louisiana (the "Royalty Properties" . The principal asset of the Trust consists of a 99.99% interest in the Partnership. In turn, the principal asset of the Partnership is the Royalty. The Trust's source of capital is the Trust's share of the net proceeds from the Royalty Properties under the terms of the Royalty. DrStockPick Daily Stock Watch TEL Offshore Trust (OTCQB:TELOZ), Crown Equity Holdings, Inc. (OTCQB:CRWE), and Commonwealth Bankshares, Inc. (OTCQB:CWBS)
WorldStockWire - Wed Jul 24, 11:00AM CDT
DrStockPick.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
TEL Offshore Trust Announces There Will Be No First Quarter 2013 Distribution
Business Wire - Tue Apr 09, 3:15PM CDT
TEL OFFSHORE TRUST announced that there will be no trust distribution for the first quarter of 2013 for unitholders of record on March 31, 2013. The Trust has not been able to make a distribution to unitholders for seventeen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's first quarter of 2013 reflects financial and operating information with respect to the royalty properties for the months of November and December 2012 and January 2013.
TEL Offshore Trust Announces There Will Be No Fourth Quarter 2012 Distribution
Business Wire - Fri Dec 21, 3:10PM CST
TEL OFFSHORE TRUST announced that there will be no trust distribution for the fourth quarter of 2012 for unitholders of record on December 31, 2012. The Trust has not been able to make a distribution to unitholders for sixteen consecutive quarters, or since January 9, 2009. The financial and operating information included herein for the Trust's fourth quarter of 2012 reflects financial and operating information with respect to the royalty properties for the months of August, September and October 2012.
