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 Homecoming 250 event will feature Exiger as the presenting sponsor for the Navy 250 Gala on October 11, commemorating 250 years of the U.S. Navy and Marine Corps. Additionally, Bass Pro Shops and White River Marine Group are relocating Hobie production from Mexico to Lebanon, Missouri, which will create new jobs and expand their facility.
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