Permian Basin Royalty Trust Message Board

5 workover wells completed in March and the last 2 horizontal wells were completed in April. Note, March oil production rose 2% over Febuary (when considering the 31 versus 28 days).
The full benefit of the 5 workover wells should be seen next month with the last 2 horizontal wells being seen in the August Distribution.

Sentiment: Buy

Distribution should be easily in the low teens (cents) by August at the latest with all the drilling and workovers completed in April.

Huge increase in distribution! It's now a forward yielder of over 8%!

U.S. Gas Rigs Drop First Time in Three Weeks, Baker Hughes Says
By Lynn Doan - Apr 26, 2013 12:15 PM CT

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The number of gas rigs in the U.S. fell for the first time in three weeks, declining by 13 to 366, according to Baker Hughes Inc. (BHI)

Oil rigs increased by 10 to 1,381, data posted on Baker Hughes’ website show. Total energy rigs slipped by four to 1,754, the Houston-based field-services company said.

The U.S. gas rig count has dropped to less than a fourth of its peak of 1,606 in 2008 as energy producers abandoned natural- gas plays to drill for more lucrative crude and natural-gas liquids. The boom in tight-oil production helped the U.S. meet 84 percent of its energy needs last year, the most since 1991, according to the U.S. Energy Information Administration, the Energy Department’s statistical unit.

ConocoPhillips (COP), the largest independent U.S. oil and natural gas producer, has no plans to start “redirecting any capital toward gas assets until it’s significantly north of current prices,” Matthew Fox, an executive vice president at the Houston-based company, said in a conference call with investors yesterday.

The company’s fuel production in Texas’ Eagle Ford shale formation is about 60 percent oil, 20 percent natural gas liquids and 20 percent dry gas, Jeff Sheets, Conoco’s chief financial officer, said during the call. Its wells in North Dakota’s Bakken formation produce most

Seeking Alpha article of today titled:

Natural Gas Deficit Rises Again, Prices Could Spike Violently Higher Later This Year
Apr 25 2013, 17:50 | 1 comment | includes: UNG

I think this is for February's production, which has fewer days. The 2 work over wells will be completed this month so future dividends should increase, and capex should decrease. Also, it seems the 4 work over wells that are completed were completed in February, so the increased production should only be partially reflected in the distribution.

That is UP vs. last month's payout. Headed in the right direction.

Sentiment: Buy

It looks like the dividend will indeed be up if they are where we think they are on those two horizontals. 11 to 12 cent dividend will push the stock up. I don't have a clue how much, but it will be headed the right direction. We will soon know.

Sentiment: Strong Buy

Geaux!

In my opinion, a turnaround in the dividend is about to occur, and larger than most are expecting.

Sentiment: Buy

This appears to be a "no brainer" if there ever was one. I put money where my mouth is and bought. The odds of crude/ng being higher than it is now is good in my opinion. Great dividend yield while you wait.

Sentiment: Buy

Since you are so bullish, would you like to buy my 10k shares at 14?

I never understand the people that "know" where the price of gas or oil is going in 1-2 years so they buy royal trust to "make a killing" ?? IF you know where nat gas prices are going to be in 1-2 years and want to put your money where your mouth is--just buy the futures--you get 10X for your money--load the truck PROGNOSTICATORS