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: The U.S. Marine Corps recently celebrated its 250th anniversary, an event that drew criticism from California Governor Gavin Newsom. Additionally, Michelle James is advocating for Congress to pass the Ensuring Justice for Camp Lejeune Victims Act to support families affected by the stalled 2022 Camp Lejeune Justice Act.
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