What changed in this filing

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Item 4. Controls and Procedures

2021-05-14 compared with 2020-11-09 · 25 added, 29 removed, 5 unchanged (92% of the section changed)

2 unchanged sentences

The Trustee maintains disclosure controls and procedures designed to ensure that

information required to be disclosed by the Trust in the reports that it files or submits under the Securities Exchange Act of

1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the rules and regulations

promulgated by the SEC.

Disclosure controls and procedures include controls and procedures designed to ensure that information

required to be disclosed by the Trust is accumulated and communicated by MV Partners to The Bank of New York Mellon Trust Company,

N.A., as Trustee of the Trust, and its employees who participate in the preparation of the Trust’s periodic reports as appropriate

to allow timely decisions regarding required disclosure.

As of the end of the period covered by this

report, the Trustee carried out an evaluation of the Trust’s disclosure controls and procedures.

A Trust Officer of the Trustee

has concluded that the disclosure controls and procedures of the Trust are effective.

information required to be disclosed by the Trust in the reports that it files or submits under the Securities Exchange Act of 1934, as

amended, is recorded, processed, summarized and reported within the time periods specified in the rules and regulations promulgated

Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed

by the Trust is accumulated and communicated by MV Partners to The Bank of New York Mellon Trust Company, N.A., as Trustee of the Trust,

and its employees who participate in the preparation of the Trust’s periodic reports as appropriate to allow timely decisions regarding

required disclosure.

As of the end of the period covered by this report,

the Trustee carried out an evaluation of the Trust’s disclosure controls and procedures.

A Trust Officer of the Trustee has concluded

that the disclosure controls and procedures of the Trust are effective.

Due to the contractual arrangements of (i) the

Trust Agreement and (ii) the conveyance of the net profits interest, the Trustee relies on (A) information provided by

MV Partners, including historical operating data, plans for future operating and capital expenditures, reserve information and

information relating to projected production, and (B) conclusions and reports regarding reserves by the Trust’s independent

reserve engineers.

See “Risk Factors—The trust and the public trust unitholders have no voting or managerial rights

with respect to MV Partners, the operator of the underlying properties.

As a result, public trust unitholders have no ability to

influence the operation of the underlying properties”

and “Trustee’s Discussion and Analysis of Financial Condition

and Results of Operations”

in the Form 10-K for a description of certain risks relating to these arrangements and reliance

on information when reported by MV Partners to the Trustee and recorded in the Trust’s results of operations.

Trust Agreement and (ii) the conveyance of the net profits interest, the Trustee relies on (A) information provided by MV Partners,

including historical operating data, plans for future operating and capital expenditures, reserve information and information relating

to projected production, and (B) conclusions and reports regarding reserves by the Trust’s independent reserve engineers.

“Risk Factors—The trust and the public trust unitholders have no voting or managerial rights with respect to MV Partners,

the operator of the underlying properties.

As a result, public trust unitholders have no ability to influence the operation of the underlying

properties” and “Trustee’s Discussion and Analysis of Financial Condition and Results of Operations” in the Form 10-K

for a description of certain risks relating to these arrangements and reliance on information when reported by MV Partners to the Trustee

and recorded in the Trust’s results of operations.

in Internal Control over Financial Reporting.

During the quarter ended September 30, 2020, there was no change

in the Trust’s internal control over financial reporting that has materially affected, or is reasonably likely to materially

affect, the Trust’s internal control over financial reporting.

The Trustee notes for purposes of clarification that it has

no authority over, and makes no statement concerning, the internal control over financial reporting of MV Partners.

PART II—OTHER INFORMATION

During the quarter ended March 31, 2021, there was no change in the

Trust’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the

Trust’s internal control over financial reporting.

The Trustee notes for purposes of clarification that it has no authority over,

and makes no statement concerning, the internal control over financial reporting of MV Partners.

PART II—OTHER INFORMATION

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures