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Latest Permian Basin Royalty Trust Stories

2014-07-21 12:23:15

DALLAS, July 21, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.118511 per unit, payable on August 14, 2014, to unit holders of record on July 31, 2014. This month's distribution increased from the previous month due to both decreased operating expenses and lower capital expenditures offset by slightly decreased production of oil and a reduction of gas produced and...

2014-06-20 16:21:16

DALLAS, June 20, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced that at the special meeting of the Trust's unitholders held today, the unitholders of the Trust voted to approve the proposal to appoint Southwest Bank as successor trustee to serve as trustee of the Trust once the resignation of the current Trustee of the Trust takes effect. The effective date of Bank of America, N.A.'s resignation as trustee of the Trust will be August 29,...

2014-06-20 12:24:13

DALLAS, June 20, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.096581 per unit, payable on July 15, 2014, to unit holders of record on June 30, 2014. This month's distribution decreased from the previous month due to a decrease to the trust in both production and pricing of both oil and gas. Also, LOE and capital expenditures rose from the previous month,...

2014-05-23 16:21:50

DALLAS, May 23, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced that the Special Meeting of the Trust's unit holders scheduled for today for the purpose of obtaining approval of the appointment of Southwest Bank as successor trustee of the Trust, was adjourned due to the lack of the requisite quorum. The Special Meeting has been adjourned until Friday, June 20, 2014 at 1:00 p.m., local time, at Shady Oaks Country Club, 320 Roaring Springs Road,...

2014-05-19 12:23:19

DALLAS, May 19, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.120209 per unit, payable on June 13, 2014, to unit holders of record on May 30, 2014. This month's distribution increased from the previous month due to increased oil production and lower capital expenditures and lease operating expenses on the Waddell Ranch properties. Production for the Trust's...

2014-04-17 12:24:40

DALLAS, April 17, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.086274 per unit, payable on May 14, 2014, to unit holders of record on April 30, 2014. This month's distribution decreased from the previous month due to the timing of February oil production and weather related down-time at the Waddell Ranch gas plants. Production for the Trust's allocated portion of...

2014-03-21 12:21:24

DALLAS, March 21, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.108529 per unit, payable on April 14, 2014, to unit holders of record on March 31, 2014. This month's distribution increased from the previous month due to increased production of oil on the Waddell Ranch properties and the completion last month of the prior period adjustments relating to previous years'...

2014-02-18 12:24:01

DALLAS, Feb. 18, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.091691 per unit, payable on March 14, 2014, to unit holders of record on February 28, 2014. This month's distribution increased from the previous month due to an increase in pricing for both oil and gas and an increase in gas production. Additionally, there was an increase in oil production as a result...

2014-01-21 12:23:13

DALLAS, Jan. 21, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.050812 per unit, payable on February 14, 2014, to unit holders of record on January 31, 2014. This month's distribution decreased from the previous month due to a decrease in pricing for both oil and gas and a decrease in gas production. However, there was an increase in oil production as a result of...

2014-01-09 12:22:38

DALLAS, Jan. 9, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") announced today that Bank of America, N.A., also known as U.S. Trust, Bank of America Private Wealth Management ("Trustee" or "Bank of America"), will be resigning as Trustee of the Trust subject to the conditions set forth below. Following the distribution of requests for proposal to and discussions with a number of potential candidates, Bank of America intends to nominate Southwest Bank,...


Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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