Current Report Filing (8-k)

Date : 08/30/2019 @ 2:33PM
Source : Edgar (US Regulatory)
Stock : BP Prudhoe Bay Royalty Trust (BPT)
Quote : 6.53  -0.04 (-0.61%) @ 10:59PM
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Current Report Filing (8-k)

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 27, 2019

 

 

BP PRUDHOE BAY ROYALTY TRUST

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   1-10243   13-6943724

(State or Other Jurisdiction of

Incorporation)

  (Commission File Number)   (I.R.S. Employer Identification No.)

 

The Bank of New York Mellon Trust Company, N. A.  
601 Travis Street, Floor 16, Houston, Texas   77002
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 483-6060

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Units of Beneficial Interest   BPT   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

 

 

 


SECTION 8 – OTHER EVENTS

 

Item 8.01.

Other Events

On August 27, 2019, BP plc announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska for a total consideration of 5.6 $billion. According to the press release announcing the sale, the sale will include BP’s entire upstream and midstream business in Alaska, including its interest in BP Exploration (Alaska) Inc., that owns all of BP’s upstream oil and gas interest in Alaska (including oil and gas leases in the Prudhoe Bay field), and BP Pipelines (Alaska) Inc.’s interest in the Trans Alaska Pipeline System (TAPS). According to the press release, subject to state and federal regulatory approval, the transaction is expected to be completed in 2020.

A copy of BP’s press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01.

Financial Statements and Exhibits

(a)    Not applicable

(b)    Not applicable

(c)    Not applicable

(d)    Exhibits:

 

  99.1

BP press release issued August 27, 2019


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

BP PRUDHOE BAY ROYALTY TRUST

 

By: THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
as Trustee

By:

 

/s/ Sarah Newell

 

 

 

Sarah Newell

Vice President

 

Date: August 30, 2019

 

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