Marine Petroleum Trust, based in Dallas, Texas, manages payments from oil and gas leases in the Gulf of Mexico and distributes cash to unitholders quarterly. Its subsidiary, Marine Petroleum Corporation, oversees royalty interests offshore Louisiana.
MARPS has been in the news recently: LSU researchers are collaborating with Integer Technologies, funded by nearly $10 million from the Office of Naval Research, to improve naval operations through intelligent data management. Vision Marine Technologies, Inc. has raised $3.4 million through an offering of shares to support working capital and patent applications.
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