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: Henry Repeating Arms is releasing two new firearm models, the .22 S/L/LR and the .45-70 Gov't, to commemorate the Marine Corps' 250th anniversary. Additionally, Spring Brook Marine Group is expanding its presence in the Great Lakes by introducing Cranchi Yachts, while Brown Gibbons Lang & Company announced the sale of West Gulf Marine to Maritime Partners to improve maritime services for inland customers.
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