Latest Permian Basin Stories

DALLAS, Aug. 19, 2011 /PRNewswire/ -- 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...

DALLAS, July 19, 2011 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.148472 per unit, payable on August 12, 2011, to unit holders of record on July 29, 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...

SCOTTSDALE, Ariz., July 13, 2011 /PRNewswire/ -- American Standard Energy Corp. ("ASEN" or the "Company") (OTCBB: ASEN), announces that it has commenced a 10 net well drilling program in Andrews County, Texas. ASEN plans to drill the University Andrews 42 #2 well to the Devonian formation and then subsequent wells will be drilled to the Strawn formation and completed in the Strawn, Wolfcamp, Spraberry and Lower Clearfork formations. The Company will own 100% working interests in all 10...

DENVER, June 28, 2011 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that it has entered into an agreement to sell for $191 million its 57.5% operated working interest in the Riley Ridge Federal Unit and gas plant located in southwestern Wyoming. The sale is expected to close in July and is subject to satisfactory completion of customary due diligence. The sale does not impact Cimarex's expected 2011 production estimates, as the plant was not expected to come online until...

DALLAS, June 20, 2011 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.143921 per unit, payable on July 15, 2011, to unit holders of record on June 30, 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...

SAN ANTONIO, June 16, 2011 /PRNewswire/ -- Cross Border Resources, Inc. (OTCQX: XBOR) ("Cross Border" or "the Company"), today announced execution of a participation agreement in the Big Star Six Shooter project targeting 320 gross acres within the Wolfberry Trend, Dawson County, Texas. (Logo: http://photos.prnewswire.com/prnh/20110523/AQ07208LOGO) "We're pleased to have this opportunity to increase our interest in the Permian Basin's unconventional Wolfberry Trend," said Chairman and CEO...

OKLAHOMA CITY, May 25, 2011 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) ("SandRidge") today announced the filing of a Registration Statement with the Securities and Exchange Commission relating to the initial public offering of approximately $600 million in common units representing beneficial interests in SandRidge Permian Trust, a newly formed Delaware trust. The underwriters will have an option to purchase up to approximately $90 million in additional common units within 30 days of...

DALLAS, May 20, 2011 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.136343 per unit, payable on June 14, 2011, to unit holders of record on May 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...

HOUSTON, May 11, 2011 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today announced that it has completed the purchase of approximately 21,900 gross leasehold acres (21,500 net acres) in the West Texas Permian Basin from private sellers, with an effective date of January 1, 2011. The announced purchase price of $366 million is subject to customary post-effective adjustments. At January 1, 2011, estimates of the acquired proved reserves were approximately 27 million barrel equivalents...

LORTON, Va., May 2, 2011 /PRNewswire/ -- Next Generation Energy Corp. (OTC: NGMC) today announced it has acquired a royalty interest in an existing, producing natural gas and oil property located in the Permian Basin, Tri-Rue (Reef) Field, in Scurry County, Texas. "The property is producing approximately 1,000 barrels of oil and 660 MCF of natural gas per month. The Canyon Reef Formation is on the edge of the Permian Basin and one of the most prolific oil and natural gas formations in West...