0000950123-11-078819.txt : 20110819 0000950123-11-078819.hdr.sgml : 20110819 20110819152824 ACCESSION NUMBER: 0000950123-11-078819 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110819 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110819 DATE AS OF CHANGE: 20110819 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: 111047283 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 d84287e8vk.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): August 19, 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 August 19, 2011, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on August 31, 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 August 19, 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., TRUSTEE FOR
       PERMIAN BASIN ROYALTY TRUST
 		  
  By:   /s/ RON E. HOOPER    
    Ron E. Hooper   
    Senior Vice President, Royalty Management   
 
Date: August 19, 2011

 

 

EXHIBIT INDEX
         
Exhibit    
Number   Description
  99.1    
Press Release dated August 19, 2011.

 

EX-99.1 2 d84287exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Permian Basin Royalty Trust
PERMIAN BASIN ROYALTY TRUST
ANNOUNCES AUGUST CASH DISTRIBUTION
     DALLAS, Texas, August 19, 2011 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today declared a cash distribution to the holders of its units of beneficial interest of $.117780 per unit, payable on September 15, 2011, to unit holders of record on August 31, 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 decreased from the previous month due primarily to decreased production for both oil and gas and lower prices for both oil and gas production. This would primarily reflect production for the month of June. 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 48,085 bbls and 157,815 Mcf. The average price for oil was $91.94 per bbl and for gas was $8.28 per Mcf. Capital expenditures were approximately $937,823. The numbers provided reflect what was net to the Trust.
                                 
    Net to Trust Sales        
    Volumes     Average Price  
    Oil (bbls)     Gas (Mcf)     Oil     Gas  
                (per bbl)     (per Mcf)  
 
                                
Current Month
     48,085       157,815     $ 91.94     $ 8.28 *
 
                                
Prior Month
     55,809       220,399     $ 96.42     $ 8.37 *
*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