Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PERMIAN BASIN ROYALTY TRUST | d84287e8vk.htm |
Exhibit 99.1
Permian Basin Royalty Trust
PERMIAN BASIN ROYALTY TRUST
ANNOUNCES AUGUST CASH DISTRIBUTION
ANNOUNCES AUGUST CASH DISTRIBUTION
DALLAS, Texas, August 19, 2011 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today
declared a cash distribution to the holders of its units of beneficial interest of $.117780 per
unit, payable on September 15, 2011, to unit holders of record on August 31, 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 decreased from the previous month due primarily to decreased
production for both oil and gas and lower prices for both oil and gas production. This would
primarily reflect production for the month of June. 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 48,085 bbls and 157,815 Mcf. The average price for oil was $91.94 per bbl and for
gas was $8.28 per Mcf. Capital expenditures were approximately $937,823. The numbers provided
reflect what was net to the Trust.
| Net to Trust Sales | ||||||||||||||||
| Volumes | Average Price | |||||||||||||||
| Oil (bbls) | Gas (Mcf) | Oil | Gas | |||||||||||||
| (per bbl) | (per Mcf) | |||||||||||||||
Current Month |
48,085 | 157,815 | $ | 91.94 | $ | 8.28 | * | |||||||||
Prior Month |
55,809 | 220,399 | $ | 96.42 | $ | 8.37 | * | |||||||||
*This pricing includes sales of gas liquid products.
. . .
Contact:
|
Ron E. Hooper | |
| Senior Vice President | ||
| U.S. Trust, Bank of America Private Wealth Management, Trustee | ||
| Toll Free — 1.877.228.5085 |