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Chesapeake Granite Wash Trust is a Delaware statutory trust owning royalty interests in oil, natural gas, and natural gas liquids production from properties in the Colony Granite Wash formation in Oklahoma. It receives royalty payments from producing and development wells operated by third parties, primarily Diversified Energy. The Trust distributes net proceeds to unitholders, operating as a passive income vehicle with no control over operations or capital expenditures.
This description was generated via AI from an annual report. Updated about 1 year ago.