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Pacific Coast Oil Trust is a statutory trust. The firm owns net profit interests in the underlying properties, which consist of producing and non-producing interests in oil units, wells and lands. Its properties include Santa Maria Basin, Orcutt Conventional, Orcutt Diatomite, Careaga formation, Los Angeles Basin, West Pico, Sawtelle and East Coyote. The company was founded on January 3, 2012 and is headquartered in Houston, TX.
New amount will be payable Sept. 16 to unit holders on record as of Sept. 6.
Distribution this month is based on net profits generated in May.
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