ROYTL

Pacific Coast Oil Trust

A royalty trust that holds net profits interests in onshore oil and gas fields across California's Santa Maria and Los Angeles basins, created in 2012 when Pacific Coast Energy Company LP handed those interests to the trust for investors to share in. It has no employees or rigs of its own — the operator does the drilling while the trust passes along a slice of the profits. One of its key assets, the Orcutt oilfield, was discovered in 1901 and has been pumping oil ever since.

Units of Beneficial Interest