Permian Basin Royalty Trust Announces October Cash Distribution
October 20 2009 - 10:30AM
PR Newswire (US)
DALLAS, Oct. 20 /PRNewswire-FirstCall/ -- Permian Basin Royalty
Trust (NYSE:PBT) ("Permian"), today declared a cash distribution to
the holders of its units of beneficial interest of $.096663 per
unit, payable on November 16, 2009, to unit holders of record on
October 30, 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
increases in both oil and gas production, an increase in oil
pricing offset by a decline in gas pricing, and a decrease in
capital expenditures. This would primarily reflect production for
the month of August. 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 53,111 bbls
and 232,843 Mcf. The average price for oil was $66.64 per bbl and
for gas was $5.14 per Mcf. Capital expenditures were approximately
$596,100. 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 53,111 232,843 $66.64 $5.14 Prior Month
42,624 165,126 $60.23 $4.52 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, U.S. Trust, Bank of America
Private Wealth Management, Trustee, 1-877-228-5085 Web Site:
http://www.pbt-permianbasintrust.com/
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