---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-002164"
form_type: "8-K"
ticker: null
cik: "0000850033"
company_name: "BP PRUDHOE BAY ROYALTY TRUST"
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T11:50:44.521570+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# BP Prudhoe Bay Royalty Trust terminates after no revenue for two years; winding up commenced

## Summary
- No Q4 2024 distribution; average per-barrel royalty was -$23.19 on WTI of $70.32.
- Trust terminated Dec 31, 2024 because net revenues < $1M for two successive years.
- Trustee begins wind-up; HNS has 30-day option to buy assets for ≥ $11,641,600.
- NYSE notified BPT of non-compliance due to average unit price < $1 over 30 days.
- No revenues received for any quarter in 2023 or 2024; no cash flow since 2022.

## SEC filing metadata
- accession: 0001193125-25-002164
- form_type: 8-K
- cik: 0000850033
- company_name: BP PRUDHOE BAY ROYALTY TRUST
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 3.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850033/000119312525002164/0001193125-25-002164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850033/000119312525002164/d913032d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-002164
- JSON: https://secwatch.observer/filing/0001193125-25-002164.json
- Plain text: https://secwatch.observer/filing/0001193125-25-002164.txt

## Key facts
- Listing & Compliance Notices
  BP PRUDHOE BAY ROYALTY TRUST received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: December 31, 2024, the Trust received written notification (the “Notice”) from the New York Stock Exchange (“NYSE”) that as of December 30, 2024, the Trust no longer satisfied the continued listing compliance standards s
  evidence_url: https://www.sec.gov/Archives/edgar/data/850033/000119312525002164/0001193125-25-002164-index.htm
- Listing & Compliance Notices
  BP PRUDHOE BAY ROYALTY TRUST received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
  - Exchange: nyse
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 802.01C
  source text: December 31, 2024, the Trust received written notification (the “Notice”) from the New York Stock Exchange (“NYSE”) that as of December 30, 2024, the Trust no longer satisfied the continued listing compliance standards set forth under Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Trust’s units of beneficial interest (the “Units”) was less than $1.00 over a 30 consecutive trading-day period. Upon receipt of the Notice, the Trust became subject to the procedures outlined in Section 802.01C of the NYSE Listed Company Manual and the Trust must bring the
  evidence_url: https://www.sec.gov/Archives/edgar/data/850033/000119312525002164/0001193125-25-002164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.