{"url_path":"/sec/mvo/10-q/2026/item-4","section_key":"item-4","section_title":"Item 4 Controls and Procedures.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1371782/0001104659-26-060259-index.html","accession_number":"0001104659-26-060259","cik":"0001371782","ticker":"MVO","issuer_name":"MV Oil Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1371782/0001104659-26-060259-index.html","primary_entity_key":"0001371782","primary_entity_name":"MV Oil Trust"},"word_count":394,"has_tables":true,"body_markdown":"**Item 4. Controls and Procedures.**\n\n*Evaluation\nof Disclosure Controls and Procedures.* The Trustee maintains disclosure controls and procedures designed to ensure that\ninformation required to be disclosed by the Trust in the reports that it files or submits under the Exchange Act is recorded, processed,\nsummarized and reported within the time periods specified in the rules and regulations promulgated by the SEC. Disclosure controls\nand procedures include controls and procedures designed to ensure that information required to be disclosed by the Trust is accumulated\nand communicated by MV Partners to The Bank of New York Mellon Trust Company, N.A., as Trustee of the Trust, and its employees who participate\nin the preparation of the Trust’s periodic reports as appropriate to allow timely decisions regarding required disclosure.\n\nAs of the end of the period covered by this report,\nthe Trustee carried out an evaluation of the Trust’s disclosure controls and procedures. A Trust Officer of the Trustee has concluded\nthat the disclosure controls and procedures of the Trust are effective.\n\nDue to the contractual arrangements of (i) the\nTrust Agreement and (ii) the conveyance of the net profits interest, the Trustee relies on (A) information provided by MV Partners,\nincluding historical operating data, plans for future operating and capital expenditures, reserve information and information relating\nto projected production, and (B) conclusions and reports regarding reserves by the Trust’s independent reserve engineers. See\n“Risk Factors—The Trust and the public Trust unitholders have no voting or managerial rights with respect to MV Partners,\nthe operator of the underlying properties. As a result, public Trust unitholders have no ability to influence the operation of the underlying\nproperties” and “Trustee’s Discussion and Analysis of Financial Condition and Results of Operations” in the Form 10-K\nfor a description of certain risks relating to these arrangements and reliance on information when reported by MV Partners to the Trustee\nand recorded in the Trust’s results of operations.\n\n*Changes\nin Internal Control over Financial Reporting.* During the quarter ended March 31, 2026, there was no change in the\nTrust’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the\nTrust’s internal control over financial reporting. The Trustee notes for purposes of clarification that it has no authority over,\nand makes no statement concerning, the internal control over financial reporting of MV Partners.\n\n7\n\n**PART II—OTHER\nINFORMATION**"}