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): January 7, 2011

MV Oil Trust

(Exact name of registrant as specified in its charter)

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

919 Congress Avenue Austin, Texas	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 2.02 Results of Operations and Financial Condition.

On January 7, 2011, MV Oil Trust issued a press release announcing the Trust quarterly distribution for the payment period ended December 31, 2010. A copy of the press release is furnished 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 January 7, 2011.

2

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 Mellon Trust Company, N.A.,
		as Trustee
Date: January 7, 2011	By:	/s/ Mike Ulrich
		Mike Ulrich
		Vice President

3

EXHIBIT INDEX

Exhibit	Description
99.1	MV Oil Trust Press Release dated January 7, 2011.

4

EX-99.1

Exhibit 99.1

MV Oil Trust

MV Oil Trust Announces Trust Fourth Quarter Distribution

MV OIL TRUST

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

NEWS RELEASE

FOR IMMEDIATE RELEASE

Austin, Texas, January 7, 2011 — MV Oil Trust (NYSE Symbol — MVO) announced the Trust distribution of Net Profits for the fourth quarterly payment period ended December 31, 2010.

Unitholders of record on January 18, 2011 will receive a distribution amounting to $7,762,500 or $0.675 per unit payable January 25, 2011.

Volumes, price and Net Profits for the payment period were:

Volume (BOE)	235,300
Proceeds (BOE)	$	67.91
Gross Proceeds	$	15,979,596
Costs	$	6,990,693
Net Profits	$	8,988,903
Percentage applicable to Trust’s 80%
Net Profits Interest	$	7,191,122
Decrease in MV Partners’ Reserve for Future	$	750,000
Capital Expenditures(1)
Total cash proceeds available for the Trust	$	7,941,122
Provision for estimated Trust expenses	$	(178,622	)
Net cash proceeds available for distribution	$	7,762,500

(1) Although MV Partners has released $750,000 reserved for future capital expenditures, it can reserve at any time up to an aggregate of $1.0 million.

As previously reported, the Trust’s second quarterly distribution included amounts from collections from SemCrude, L.P. and Eaglwing, L.P. for sales of oil during the 20-day period immediately prior to their bankruptcy in July 2008. As also previously reported, Vess Oil Corporation and Murfin Drilling Company, Inc., who are the operators of the underlying properties of MV Partners, LLC, filed proofs of claims in the bankruptcy case on a lease by lease basis on their own behalf and on behalf of various working interest owners (inclusive of MV Partners’ interests), overriding royalty owners and royalty owners. Vess Oil and Murfin Drilling received funds in late September 2010 for the collection of the sale of oil volumes to SemCrude and Eaglwing for the period prior to such 20-day period. Such funds represent the payout on such c laims, less certain charges allowed by the bankruptcy court.  The gross proceeds amount of $15,979,596 includes $1,274,477 received by MV Partners, LLC in the fourth quarter of 2010 as its allocated portion of the funds received by Vess Oil and Murfin Drilling in late September 2010. Consequently, Proceeds (BOE) also reflects such allocated portion of such funds while Volumes (BOE) represent actual volumes sold during the reporting period.

This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC 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 underlying properties 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, the ability of commodity purchasers to make payment, and other risk factors

described in the Trust’s Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission. 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 Mellon Trust Company, N.A., as Trustee
	Mike Ulrich
	(512) 236-6599
919 Congress Avenue, Austin, TX78701

2