FinancialContent is the trusted provider of stock market information to the media industry.
Permian Basin Royalty Trust Announces May Cash Distribution

DALLAS, May 18 /PRNewswire-FirstCall/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian"), today declared a cash distribution to the holders of its units of beneficial interest of $.138667 per unit, payable on June 14, 2010, to unit holders of record on May 28, 2010.  Permian's cash distribution history, current and prior year financial reports and tax information booklets, 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 slightly from the previous month due primarily to higher volumes of both oil and gas produced and an increase in oil prices.  This would primarily reflect production for the month of March.  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 61,156 bbls and 280,593 Mcf.  The average price for oil was $77.59 per bbl and for gas was $6.99 per Mcf.  Capital expenditures were approximately $44,000.  The numbers provided reflect what was net to the Trust.




Net to Trust Sales





Volumes


Average Price



Oil

(bbls)


Gas

(Mcf)


Oil

(per bbl)


Gas

(per Mcf)










Current Month


61,156


280,593


$77.59


$6.99










Prior Month


54,779


250,664


$72.43


$7.85




SOURCE Permian Basin Royalty Trust

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More