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0000950134-08-017065.txt : 20080924 0000950134-08-017065.hdr.sgml : 20080924 20080924102114 ACCESSION NUMBER: 0000950134-08-017065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080919 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080924 DATE AS OF CHANGE: 20080924 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: 081085829 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 d60444e8vk.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): September 19, 2008

PERMIAN BASIN ROYALTY TRUST

(Exact name of Registrant as specified in its charter)


Texas	1-8033	75-6280532
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)


Trust Division
Royalty Trust Group
U.S. Trust, Bank of America,
Private Wealth Management
901 Main Street, 17th Floor		75202
Dallas, Texas		(Zip Code)
(Address of principal executive offices)

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 September 19, 2008, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on September 30, 2008. 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.

99.1 Press Release dated September 19, 2008.

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: September 24, 2008

EXHIBIT INDEX


Exhibit
Number		Description

99.1		Press Release dated September 19, 2008.

EX-99.1 2 d60444exv99w1.htm PRESS RELEASE exv99w1

Exhibit 99.1

Permian Basin Royalty Trust

News Release

PERMIAN BASIN ROYALTY TRUST
ANNOUNCES SEPTEMBER CASH DISTRIBUTION

DALLAS, Texas, September 19, 2008 - U.S. Trust, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of beneficial interest of $.246754 per unit, payable on October 15, 2008, to unit holders of record on September 30, 2008.

This month’s distribution decreased due to lower oil and gas production and an increase in capital costs. This would primarily reflect production for the month of July. Prior period adjustments were included in this month’s distribution. These were extraordinary adjustments concerning the timing of posting prior period revenues.

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. Since all production comes from wells that are primarily based in West Texas, the recent hurricanes would not affect the production activities.

Production for Waddell Ranch and the Texas Royalty Properties combined for oil and gas respectively was 56,763 bbls and 325,305 mcf. The average price for oil was $132.43 per bbl and for gas was $13.96 per mcf. Capital expenditures were approximately $997,120. 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		56,763		325,305	$	132.43	$	13.96

Prior Month		72,226		343,380	$	127.94	$	12.76

For additional information, including the latest financial reports on Permian Basin Royalty Trust, please visit our website at http://www.pbt-permianbasintrust.com/.

* * *


Contact:		Ron E. Hooper
		Senior Vice President
		U.S. Trust, Bank of America Private Wealth Management, Trustee
		Toll Free — 877.228.5085