Permian Basin

Type: Public
On the web: http://www.pbt-permianbasintrust.com
Employees: 0

Permian Basin Royalty Trust is a tax-deferred pipeline for Texas oil money. Formed in 1980, the trust derives royalties from the sale of certain oil and gas assets produced by ConocoPhillips in mature oil fields in Texas, including property that's part of the Waddell Ranch. The trust distributes royalties to shareholders monthly based on the amount of oil and gas produced and sold. In 2007 the company owned royalty interests on proved reserves of 7.1 million barrels of oil and 26.1 billion cu. ft. of natural gas. It also had interests in 1,322 wells and 76,922 gross acres of land.

Key numbers for fiscal year ending December, 2007:
Sales: $68.5M
One year growth: 3.0%
Net income: $67.6M
Income growth: 2.9%

Officers:
SVP, Bank of America, Trustee: Royalty Trusts

Competitors:
Dominion Resources Black Warrior
Hugoton Royalty Trust
Sabine Royalty Trust

Permian Basin is in geology the name of two large intercontinental basins that were formed in the Permian period:

• Permian Basin (North America), a basin in the subsurface of the south of the US, centred around Texas;
• Permian Basin (Europe), a basin in the subsurface of northern Europe, centred around the North Sea.

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