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Torch Energy Royalty Trust Detailed Company Profile

Report Price: $99.00

Report Description:

Report Description:
Hoover's report on Torch Energy Royalty Trust delivers comprehensive company, industry and market intelligence that drives business growth. Managed by Hoover's staff of industry experts, the Hoover's company report on Torch Energy Royalty Trust provides the most current editorial and information that Hoover's publishes.

This report includes:

• D-U-N-S number
• Torch Energy Royalty Trust people information
• Either the Hoover's Overview or Products and Operations information
• Torch Energy Royalty Trust biography and competitor information
• Income statements and financials

Torch Energy Royalty Trust Company Overview:

Investors in Torch Energy Royalty Trust probably won't light an eternal flame in remembrance when the gas is all gone. The trust distributes to shareholders the royalties from natural gas properties and oil wells in which it owns stakes. The trust's gas fields are in Texas, Alabama, and Louisiana. As a grantor trust, Torch Energy does not pay federal income tax; instead, the shareholders who receive quarterly royalties are taxed directly, but receive tax credits on gas extracted from some of the trust's hard-to-drill properties. Torch Energy Royalty Trust is set to end by 2012, unless the value of its proved reserves (10.6 billion cu. ft. of natural gas equivalent) falls below $25 million before that time.

Companies Mentioned in this Report:

• Torch Energy Royalty Trust