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Permian Basin Royalty Trust Message Board

  • markramey@ymail.com markramey Dec 6, 2011 2:49 PM Flag

    Permian Shale Oil

    For those asking when the Trust will end, it is designed to operate in perpetuity unless and until one of two events occur:
    1. The royalties generated in aggregate are less than $1,000,000 per year for two consecutive years.
    2. A 75% vote of shareholders approves a liquidation.

    With new shale oil discoveries on existing property, both scenarios are highly unlikely.

 
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