Permian Basin Royalty Trust Announces December Cash Distribution
19 December 2009 - 2:47AM
PR Newswire (US)
DALLAS, Dec. 18 /PRNewswire-FirstCall/ -- Permian Basin Royalty
Trust (NYSE:PBT) ("Permian"), today declared a cash distribution to
the holders of its units of beneficial interest of $.117641 per
unit, payable on January 15, 2010, to unit holders of record on
December 31, 2009. Permian's cash distribution history, current and
prior year financial reports, a link to filings made with the
Securities and Exchange Commission and more can be found on its
website at http://www.pbt-permianbasintrust.com/. This month's
distribution increased from the previous month due primarily to an
increase in both production and pricing. This would primarily
reflect production for the month of October. The worldwide market
conditions continue to affect the pricing for domestic production.
It is difficult to predict what effect these conditions will have
on future distributions. Production for Waddell Ranch and the Texas
Royalty Properties combined for oil and gas respectively was 58,651
bbls and 261,772 Mcf. The average price for oil was $71.29 per bbl
and for gas was $5.98 per Mcf. Capital expenditures were
approximately $411,539. The numbers provided reflect what was net
to the Trust. Net to Trust Sales Volumes Average Price -------
------------- Oil Gas Oil Gas (bbls) (Mcf) (per bbl) (per Mcf)
------ ----- --------- --------- Current Month 58,651 261,772
$71.29 $5.98 Prior Month 47,386 195,437 $64.84 $5.04 Effective June
1, 2009, American Stock Transfer & Trust Company ("AST") became
the new transfer agent and registrar for Permian Basin Royalty
Trust. Unitholders with registered ownership accounts can contact
AST with questions relating to transfers of ownership and
instruction, a change of address, direct deposit of distribution
checks, and any other account related questions at the dedicated
toll free number 1-800-358-5861. DATASOURCE: Permian Basin Royalty
Trust CONTACT: Ron E. Hooper, Senior Vice President of U.S. Trust,
Bank of America Private Wealth Management, Trustee, Toll Free,
1-877-228-5085, for Permian Basin Royalty Trust Web Site:
http://www.pbt-permianbasintrust.com/
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