BP Prudhoe Bay Royalty Trust starts asset sale after Hilcorp declines purchase option

BP PRUDHOE BAY ROYALTY TRUST

Hilcorp North Slope declined its option to buy Trust assets on June 2, 2025.
RedOaks Energy Advisors engaged to market assets; initial bids due July 29, 2025.
HNS indicates it may bid at a price substantially lower than the $11.64M option price.
No assurance unit holders will realize any proceeds from the sale of Trust assets.

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