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Longtime Jaffrey businessman Mark Bean, who died suddenly last week, is remembered for the passion he had for his family and the family business, D.D. Bean & Sons Co., as well as his commitment to the community and its history.“Everything he did,.
NH Business Review
Keene-based passive trust’s income comes from gas, oil and sulfur deposits in Germany
February 23, 2021
There aren’t many publicly traded companies based in New Hampshire, and those that are are relatively small. But they don’t get much smaller than the North European Oil Royalty Trust, listed as NRT on the New York Stock Exchange and now officially located in Keene.
The passive trust owns the royalties on gas, oil and sulfur deposits located in the Oldenburg concession, nearly 1.4 million acres in Lower Saxony, Germany.
The company was formed in 1975 as a successor of the North European Oil Corp. which was incorporated in 1957. The royalty rights date back to the 1930s. The money now primarily comes from natural gas, fracked by ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.