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: Kaleidescape has appointed National AV Solutions as its distributor for luxury marine entertainment in Australia and New Zealand, improving the onboard experiences for yacht owners. There is no direct connection to Marine Petroleum Trust or its relevant entities in the provided information.
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