0000950123-11-060690.txt : 20110622 0000950123-11-060690.hdr.sgml : 20110622 20110622102535 ACCESSION NUMBER: 0000950123-11-060690 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110620 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110622 DATE AS OF CHANGE: 20110622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERMIAN BASIN ROYALTY TRUST CENTRAL INDEX KEY: 0000319654 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756280532 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08033 FILM NUMBER: 11924938 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA N A TRUST DEPARTMENT STREET 2: P O BOX 1317 NK OF TEXAS NA TRUST DEPT CITY: FT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173906905 MAIL ADDRESS: STREET 1: 1300 SUMMIT AVENUE SUITE 300 CITY: FORTH WORTH STATE: TX ZIP: 76102 8-K 1 d83059e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 20, 2011
PERMIAN BASIN ROYALTY TRUST
(Exact name of Registrant as specified in its charter)
         
Texas
(State or other jurisdiction of
incorporation or organization) 		  1-8033
(Commission
File Number) 		  75-6280532
(I.R.S. Employer
Identification No.)
     
Trust Division
Royalty Trust Group
U.S. Trust, Bank of America, Private
Wealth Management
901 Main Street, 17th Floor
Dallas, Texas
(Address of principal executive offices) 		  75202
(Zip Code)
Registrant’s Telephone Number, including area code: (214) 209-2400
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.02.   Results of Operations and Financial Condition.
     On June 20, 2011, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on June 30, 2011. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
     This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01.   Financial Statements and Exhibits.
  (d)   Exhibits
         
  99.1    
Press Release dated June 20, 2011.

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  PERMIAN BASIN ROYALTY TRUST
 		  
  By:   BANK OF AMERICA, N.A., and TRUSTEE
FOR PERMIAN BASIN ROYALTY TRUST  		  
       
       
 
     
  By:   /s/ RON E. HOOPER    
    Ron E. Hooper   
    Senior Vice President, Royalty Management   
 
Date: June 22, 2011

 

 

EXHIBIT INDEX
     
Exhibit    
Number   Description
99.1  
Press Release dated June 20, 2011.

 

EX-99.1 2 d83059exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Permian Basin Royalty Trust
PERMIAN BASIN ROYALTY TRUST
ANNOUNCES JUNE CASH DISTRIBUTION
     DALLAS, Texas, June 20, 2011 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today declared a cash distribution to the holders of its units of beneficial interest of $.143921 per unit, payable on July 15, 2011, to unit holders of record on June 30, 2011. 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 from the previous month due primarily to an increase in the prices of both oil and gas. This would primarily reflect production for the month of April. 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 52,526 bbls and 196,662 Mcf. The average price for oil was $103.58 per bbl and for gas was $8.04 per Mcf. Capital expenditures were approximately $659,262. The numbers provided reflect what was net to the Trust.
                                 
    Net to Trust Sales     Average Price  
    Volumes     Oil     Gas  
    Oil (bbls)     Gas (Mcf)     (per bbl)     (per Mcf)  
Current Month
     52,526       196,662     $ 103.58     $ 8.04 *
Prior Month
     54,255       234,180     $ 92.94     $ 7.39 *
*This pricing includes sales of gas liquid products.
         
 
  Contact:   Ron E. Hooper
 
      Senior Vice President
 
      U.S. Trust, Bank of America Private Wealth Management, Trustee
 
      Toll Free — 1.877.228.5085