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Permian Basin Royalty Trust Message Board

  • captaintortoise captaintortoise Dec 20, 2012 2:56 PM Flag

    $.055225 per unit, payable on January 15, 2013, to unit holders of record on December 31, 2012

    This month's distribution decreased from the previous month due to decreased production of both oil and gas and a decrease in prices for oil, offset by an increase in gas prices. An additional prior period adjustment of approximately $11,000 increased the distribution this month.

    Production for Waddell Ranch and the Texas Royalty Properties combined for oil and gas respectively was 29,584 bbls and 31,178 Mcf. The average price for oil was $84.21 per bbl and for gas was $5.54 per Mcf. This would primarily reflect production for the month of October for oil and the month of September for gas. 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.

    Approximately four workover wells were completed in the month of October. In addition, one horizontal well was completed in October. Capital expenditures were approximately $2,972,426. The numbers provided reflect what was net to the Tru

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    • Apparently, investors aren't able to read and comprehend a press release that shows 5,438 more barrels of oil produced than the preceding month but then goes on to explain that net barrels were less because they are taking that money (shown as reduced net volume) to invest in continued future production growth in well work overs and horizontal fracking. Come on people!!!!!!! In the meantime, more for me at lower prices. This is one of those lifetime bargains that comes along every so often as long as WTI and liquid gas prices don't completely collapse.

      Sentiment: Strong Buy

    • Volume of a stock exceeds 10 day average by 100.00% down 65 cents

 
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