8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 9, 2007

MV Oil Trust

(Exact name of registrant as specified in its charter)

Delaware	001-33219	06-6554331
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

919 Congress Avenue
Austin, Texas 78701	78701
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  1-800-852-1422

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On February 8, 2007, MV Oil Trust issued a press release announcing the Trust distribution for the payment period ended December 31, 2006. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Pursuant to General Instruction B.2 of Form 8-K, the press release attached as Exhibit 99.1 is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing by MV Oil Trust under the Exchange Act or the Securities Act of 1933, as amended, but is instead “furnished” for purposes of that instruction.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits.
	Exhibit 99.1	MV Oil Trust Press Release dated February 8, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MV Oil Trust
	By:	The Bank of New York Trust Company, N.A.,
		as Trustee
Date:  February 9, 2007	By:	/s/ Mike Ulrich
		Mike Ulrich
		Vice President

EXHIBIT INDEX

Exhibit	Description
99.1	MV Oil Trust Press Release dated February 8, 2007.

EX-99.1

Exhibit 99.1

MV Oil-Trust

MV Oil Trust Announces Trust Distribution of Net Profits for Period Ending December 31, 2006

MV OIL TRUST

The Bank of New York Trust Company, N.A., Trustee

NEWS
	RELEASE

FOR IMMEDIATE RELEASE

Austin, Texas, February 8, 2007 — MV Oil Trust (NYSE Symbol — MVO) announced the Trust distribution of Net Profits for the Payment Period ended December 31, 2006. This first payment period is from and after the Effective Time until December 31, 2006 consisting of five months’ Net Profits as provided in the Conveyance of Net Profits Interest to the Trust.

Unitholders of record on February 15, 2007 will receive a distribution amounting to $11,639,799 or $1.0122 per unit payable February 23, 2007.

Volumes, Price and Net Profits for the Payment Period were:

Volume Oil (BOE)	434,515
Price Oil (BOE)	$	57.88
Gross Proceeds	$	25,149,351
Costs	$	9,457,050
Net Profits	$	15,692,301
Amount applicable to Trust 80%
Net Profits Interest	$	12,553,841
Gross Hedge Proceeds	$	519,948
Percentage applicable to Trust 80%
Hedge Proceeds	$	415,958
Total cash proceeds available for the Trust	$	12,969,799
MV Partners, LLC reserve per agreement	$	1,000,000
Provision for estimated Trust expenses	$	300,000
MV Administrative Service Fee	$	30,000

This press release contains forward-looking statements.  Although the Working Interest Owners has advised the Trust that it believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct.  The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the Working Interest Owner on or prior to the record date. Any differences in actual cash receipts by the Trust could affect this distributable amount.  Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, and other factors described in the Trust’s Final Prospectus filed with the Securities and Exchange Commission on January 19, 2007.   Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release

Contact:	MV Oil Trust
	The Bank of New York Trust Company, N.A., as Trustee
	Mike Ulrich
	(512) 236-6599

919 Congress Avenue, Austin, TX 78701