1 unchanged sentence
Evaluation of disclosure controls and procedures.
−Removed: The trustee maintains disclosure controls and procedures designed to ensure that information to be disclosed by the trust in the reports that it files or
−Removed: TABLE OF CONTENTS
−Removed: submits under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and regulations promulgated by the SEC.
+Added: The trustee maintains disclosure controls and procedures designed to ensure that information to be disclosed by the trust in the reports that it files or submits under the Exchange Act, 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.
4 unchanged sentences
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.
−Removed: As a result, public trust unitholders have no ability to influence the operation of the underlying properties” in this Form 10-K, and “Item 7.
+Added: As a result, public
+Added: TABLE OF CONTENTS
+Added: trust unitholders have no ability to influence the operation of the underlying properties” in this Form 10-K, and “Item 7.
Trustee’s Discussion and Analysis of Financial Condition and Results of Operations” 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.
3 unchanged sentences
Trustee’s Report on Internal Control Over Financial Reporting.
−Removed: The trustee is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f), by the trust.
+Added: The trustee is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f), by the trust.
The trust’s internal control over financial reporting is a process designed under the supervision of the trustee to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the trust’s financial statements for external purposes in accordance with the accounting permitted for royalty trusts by the SEC as specified by Staff Accounting Bulletin Topic 12:E, Financial Statements of Royalty Trusts, which is a comprehensive basis of accounting other than generally accepted accounting principles.
19 unchanged sentences
Security Ownership of Certain Beneficial Owners.
−Removed: The following table sets forth certain information regarding the beneficial ownership of our trust units as of March 17, 2022 by each person who, to our knowledge, beneficially owns more than 5% of the outstanding trust units.
+Added: The following table sets forth certain information regarding the beneficial ownership of the trust units as of March 16, 2023 by each person who, to the trust’s knowledge, beneficially owns more than 5% of the outstanding trust units.
Beneficial Owner
27 unchanged sentences
The trust has entered into an administrative services agreement with MV Partners that obligates the trust, throughout the term of the trust, to pay to MV Partners each quarter an administrative services fee for accounting, bookkeeping and informational services performed by MV Partners on behalf of the trust relating to the net profits interest.
−Removed: The annual fee was a total of $108,057 for 2021, which will increase by 4% each year.
+Added: The annual fee, which increases by 4% each year, was a total of $112,379 for 2022.
The administrative services agreement will terminate upon the termination of the net profits interest unless earlier terminated by mutual agreement of the trustee and MV Partners.
20 unchanged sentences
Exhibit and Financial Statement Schedules
−Removed: (a)(1) Financial Statements
+Added: Financial Statements
The following financial statements are set forth under Part II, Item 8 of this Form 10-K on the pages indicated:
−Removed: Report of Independent Registered Public Accounting Firm (PCAOB ID
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID Number 248)
Statements of Assets and Trust Corpus
2 unchanged sentences
Notes to Financial Statements
−Removed: (a)(2) Schedules
Schedules have been omitted because they are not required, not applicable or the information required has been included elsewhere herein.
−Removed: (a)(3) Exhibits
Certificate of Trust of MV Oil Trust.
6 unchanged sentences
as Trustee of MV Oil Trust.
−Removed: (Incorporated herein by reference to Exhibit 10.1 to MV Oil Trust’s Current Report on Form 8-K filed on January 25, 2007
+Added: (Incorporated herein by reference to Exhibit 10.1 to MV Oil Trust’s Current Report on Form 8-K filed on January 25, 2007 (File No.
Administrative Services Agreement, dated January 24, 2007, by and between MV Partners, LLC and The Bank of New York Trust Company, N.A.
7 unchanged sentences
Report of Cawley, Gillespie & Associates, Inc., Petroleum Consultants
−Removed: Filed herewith.
+Added: Filed or furnished herewith.
Form 10-K Summary
1 unchanged sentence
Pursuant to the requirements of Section 13 or 15(d) 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.
−Removed: T he B ank of N ew Y ork M ellon T rust C ompany ,
−Removed: N.A., as T rustee
+Added: T he B ank of N ew Y ork M ellon T rust C ompany , N.A., as T rustee
/s/ E laina C.
5 unchanged sentences
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.