Current Report Filing (8-k)
July 06 2020 - 4:45PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 1, 2020
BP PRUDHOE BAY ROYALTY TRUST
(Exact Name of Registrant as Specified in Charter)
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Delaware
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1-10243
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13-6943724
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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The Bank of New York Mellon Trust Company, N. A.
601 Travis Street, Floor 16, Houston, Texas
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77002
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (713)
483-6060
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Units of Beneficial Interest
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BPT
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
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Item 2.02.
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Results of Operations and Financial Condition.
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On July 6, 2020, BP Prudhoe Bay Royalty Trust issued a press release announcing no quarterly unit payment to unitholders of record on
July 17, 2020 of BP Prudhoe Bay Royalty Trust. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial
Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended.
SECTION 8 – OTHER EVENTS
On July 1, 2020, BP plc announced the completion of the “upstream” part of its planned $5.6 billion sale of assets and
operations in Alaska to Hilcorp Alaska, including the transfer of leases in the Prudhoe Bay oil field and Point Thomson gas field. The completed portion of the sale also includes the previously announced acquisition by Hilcorp Alaska of BP’s
interest in BP Exploration (Alaska) Inc. (“BPXA”), that owns all of BP’s upstream oil and gas interest in Alaska (including oil and gas leases in the Prudhoe Bay field). The sale involving BP’s “midstream” assets,
including its interest in the Trans Alaska Pipeline System (TAPS), remains subject to Alaska state regulatory review, which is expected to be completed in September 2020. On July 1, 2020, BPXA, a Delaware corporation, converted to a Delaware
limited liability company and changed its name to “Hilcorp North Slope, LLC”.
A copy of BP’s press release is attached to
this report as Exhibit 99.2 and is incorporated herein by reference.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
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Item 9.01.
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Financial Statements and Exhibits
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(a) Not applicable
(b) Not
applicable
(c) Not applicable
(d) Exhibits:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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BP PRUDHOE BAY ROYALTY TRUST
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By:
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
as Trustee
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By:
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/s/ Elaina C. Rodgers
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Elaina C. Rodgers
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Vice President
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Date: July 6, 2020
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