MV Oil Trust (the Trust) is a statutory trust. The business and affairs of the trust are managed by The Bank of New York Mellon Trust Company, N.A. (the Trustee), and MV Partners, LLC (MV Partners) and its affiliates, which include Vess Oil Corporation and Murfin Drilling Company, Inc. The Trust acquires and holds a term net profits interests, which includes interest in underlying properties consisting of MV Partner’s net interests in all of its oil and natural gas properties located in the Mid-Continent region in the states of Kansas and Colorado (the underlying properties). The underlying properties include El Dorado, Augusta, Valley Center, Bemis-Shutts, Trapp, Ray and Hansen Fields. These oil and gas properties include approximately 860 producing oil and gas wells. The El Dorado Field is located atop the Nemaha Ridge in Central Butler County. The Bemis-Shutts Field is located on the Fairport Anticline within the Central Kansas Uplift.