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Permian Basin Royalty Trust Message Board

captaintortoise 2 posts  |  Last Activity: Sep 19, 2014 12:31 PM Member since: Apr 24, 2008
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  • Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.094779 per unit, payable on October 15, 2014, to unit holders of record on September 30, 2014.

    This month's distribution decreased from the previous month due to increased capital expenditures relating to the drilling in July of the initial two vertical wells of the 2014 program for the Waddell Ranch. Slightly higher production for both oil and gas offset these increased expenditures.

    Production for the Trust's allocated portion of the W addell Ranch and the Texas Royalty Properties combined for oil and gas respectively was 44,630 bbls and 101,115 Mcf. The average price for oil was $95.35 per bbl and for gas was $6.10 per Mcf. This would primarily reflect production for the month of July for oil and the month of June 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.

  • Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.118511 per unit, payable on August 14, 2014, to unit holders of record on July 31, 2014.

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