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: Osmosis is collaborating with STW Technic to create AI-driven marine solutions aimed at improving predictive maintenance and customer experiences. Additionally, Marine Toys for Tots will sponsor Austin Dillon's No. 3 Chevrolet at a race to support children in need.
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