Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PERMIAN BASIN ROYALTY TRUST | d83660e8vk.htm |
Exhibit 99.1
Permian Basin Royalty Trust
PERMIAN BASIN ROYALTY TRUST
ANNOUNCES JULY CASH DISTRIBUTION
ANNOUNCES JULY CASH DISTRIBUTION
DALLAS, Texas, July 19, 2011 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today
declared a cash distribution to the holders of its units of beneficial interest of $.148472 per
unit, payable on August 12, 2011, to unit holders of record on July 29, 2011. Permian’s cash
distribution history, current and prior year financial reports and tax information booklets, 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 increased
production. This would primarily reflect production for the month of May. 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 55,809 bbls and 220,399 Mcf. The average price for oil was $96.42 per bbl and for
gas was $8.37 per Mcf. Capital expenditures were approximately $460,178. The numbers provided
reflect what was net to the Trust.
| Net to Trust Sales | Average Price | |||||||||||||||
| Volumes | Oil | Gas | ||||||||||||||
| Oil (bbls) | Gas (Mcf) | (per bbl) | (per Mcf) | |||||||||||||
Current Month |
55,809 | 220,399 | $ | 96.42 | $ | 8.37 | * | |||||||||
Prior Month |
52,526 | 196,662 | $ | 103.58 | $ | 8.04 | * | |||||||||
| * | This pricing includes sales of gas liquid products. |
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Contact:
|
Ron E. Hooper | |
| Senior Vice President | ||
| U.S. Trust, Bank of America Private Wealth Management, Trustee | ||
| Toll Free — 1.877.228.5085 |