Permian Basin Royalty Trust Announces July Cash Distribution
July 21 2009 - 11:30AM
PR Newswire (US)
DALLAS, July 21 /PRNewswire-FirstCall/ -- Permian Basin Royalty
Trust (NYSE:PBT), today declared a cash distribution to the holders
of its units of beneficial interest of $.074511 per unit, payable
on August 14, 2009, to unit holders of record on July 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 due primarily to higher production of both oil and gas
and increase in the price of oil and gas. 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 50,177
bbls and 226,936 mcf. The average price for oil was $53.93 per bbl
and for gas was $4.19 per mcf. Capital expenditures were
approximately $674,859. 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 50,177
226,936 $53.93 $4.19 Prior Month 41,233 165,176 $46.29 $3.90
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: U.S. Trust
CONTACT: Ron E. Hooper, Senior Vice President of 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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