About Tidelands Royalty Trust "B"

Tidelands Royalty Trust 'B', a royalty trust, engages in the administration and collection of royalties. The company’s wholly-owned subsidiary, Tidelands Royalty ‘B’ Corporation, holds title to interests in properties that are situated offshore of Louisiana subject to a contract between the company’s predecessors and Gulf Oil Corporation dated April 30, 1951. As of March 1, 2018, the company had an overriding royalty interest in four oil and natural gas leases covering 17,188 gross acres in the Gulf of Mexico in the Sabine Pass and West Cameron areas. All four of the company’s assigned leases contained active wells. The company’s overriding royalty interest on three of the four leases is 4.1662%. On the fourth lease, the overriding royalty interest is 1.0416%. All aspects of the company’s operations are conducted by third parties. These operations include the production and sale of oil and natural gas, and the calculation of royalty payments to the company, which are conducted by oil and natural gas companies that lease 60 specific tracts subject to its interests. History Tidelands Royalty Trust ‘B’ was founded in 1954 under the laws of the state of Texas. The company was incorporated in 1954.