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0000950134-08-018224.txt : 20081021 0000950134-08-018224.hdr.sgml : 20081021 20081021151538 ACCESSION NUMBER: 0000950134-08-018224 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081021 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081021 DATE AS OF CHANGE: 20081021 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: 081133309 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 d64701e8vk.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): October 21, 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 October 21, 2008, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on October 31, 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 October 21, 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: October 21, 2008

EXHIBIT INDEX


Exhibit
Number		Description

99.1		Press Release dated October 21, 2008.

EX-99.1 2 d64701exv99w1.htm EX-99.1 exv99w1


Permian Basin Royalty Trust		Exhibit 99.1

News Release

PERMIAN BASIN ROYALTY TRUST
ANNOUNCES OCTOBER CASH DISTRIBUTION

DALLAS, Texas, October 21, 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 $.230874 per unit, payable on November 17, 2008, to unit holders of record on October 31, 2008.

This month’s distribution decreased due to decreasing prices for both oil and gas. This would primarily reflect production for the month of August.

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 65,490 bbls and 338,845 mcf. The average price for oil was $113.53 per bbl and for gas was $11.17 per mcf. Capital expenditures were approximately $768,135. 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		65,490		338,845	$	113.53	$	11.17

Prior Month		56,763		325,305	$	132.43	$	13.96

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