Dominion Resources Black Warrior Trust Announces 3rd Quarter Cash Distribution
August 19 2009 - 10:00AM
PR Newswire (US)
DALLAS, Aug. 19 /PRNewswire-FirstCall/ -- Dominion Resources Black
Warrior Trust (NYSE:DOM) today announced a quarterly cash
distribution to the holders of its units of beneficial interest of
$0.264913 per unit. The distribution will be payable September 8,
2009 to unitholders of record on August 31, 2009. Dominion'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.dom-dominionblackwarriortrust.com/. This distribution
represents the quarterly royalty payment from HighMount Black
Warrior Basin LLC ("HBWB") reflecting production from April 1, 2009
to June 30, 2009. HBWB reported that production attributable to the
Trust's overriding royalty interests was approximately 690 million
cubic feet ("MMcf") during this period compared to 675 MMcf in the
previous quarter. Prices for this quarter to the trust averaged
$3.58 per mcf compared to $4.99 per mcf for the previous quarter.
The Trust owns overriding royalty interests burdening certain
proved developed coal seam gas properties owned by HBWB and located
in the Black Warrior Basin of Alabama. The Trust is a grantor trust
originally formed by Dominion Resources, Inc. In 2007, the
underlying properties were acquired by HBWB, an indirect subsidiary
of Loews Corporation. The Trust is designed to provide unitholders
with quarterly cash distributions from its royalty interests in
certain coal seam gas properties. The units are listed on The New
York Stock Exchange under the symbol "DOM". Effective June 1, 2009,
American Stock Transfer & Trust Company ("AST") is the new
transfer agent and registrar for Dominion Resources Black Warrior
Trust. Unitholders with registered accounts can contact AST with
questions relating to transfers of ownership and instruction,
change of addresses, direct deposit of distribution checks, and any
other account related questions. The dedicated toll free number to
call AST is 1-866-210-8063. DATASOURCE: Dominion Resources Black
Warrior Trust CONTACT: Ron E. Hooper, Senior Vice President of U.S.
Trust, Bank of America Private Wealth Management, Trustee,
1-800-365-6548, for Dominion Resources Black Warrior Trust Web
Site: http://www.dom-dominionblackwarriortrust.com/
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