EX-99.1 2 d68457exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Permian Basin Royalty Trust
News Release
PERMIAN BASIN ROYALTY TRUST
ANNOUNCES JULY CASH DISTRIBUTION
     DALLAS, Texas, July 21, 2009 — Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of beneficial interest of $.074511 per unit, payable on August 14, 2009, to unit holders of record on July 31, 2009. Permian’s cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.pbt-permian basintrust.com/.
     This month’s distribution increased due primarily to higher production of both oil and gas an increase in the price of oil and gas. This would primarily reflect production for the month of May.
     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 50,177 bbls and 226,936 mcf. The average price for oil was $53.93 per bbl and for gas was $4.19 per mcf. Capital expenditures were approximately $674,859. The numbers provided reflect what was net to the Trust.
                                 
    Net to Trust Sales    
    Volumes   Average Price
                    Oil   Gas
    Oil (bbls)   Gas (mcf)   (per bbl)   (per mcf)
 
                                
Current Month
     50,177       226,936     $ 53.93     $ 4.19  
 
                                
Prior Month
     41,233       165,176     $ 46.29     $ 3.90  
     Effective June 1, 2009, American Stock Transfer & Trust Company (“AST”) became the new transfer agent and registrar for Permian Basin Royalty Trust. Unitholders with registered ownership accounts can contact AST with questions relating to transfers of ownership and instruction, a change of address, direct deposit of distribution checks, and any other account related questions at the dedicated toll free number 1-800-358-5861.
*     *     *
     
          Contact:
  Ron E. Hooper
 
  Senior Vice President
 
  U.S. Trust, Bank of America Private Wealth Management, Trustee
 
  Toll Free — 1.877.228.5085