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Latest Permian Basin Stories

2011-06-20 10:30:00

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...

2011-06-16 06:00:00

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...

2011-05-25 16:14:00

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...

2011-05-20 10:30:00

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...

2011-05-11 13:04:00

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...

2011-05-02 08:30:00

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...

2011-04-25 23:49:00

HOUSTON, April 26, 2011 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today provides financial results for the first quarter 2011 and year-to-date operational results. Some of the highlights include: Today we announced that we entered into a purchase and sale agreement with private sellers to acquire production and acreage in the West Texas Permian Basin. 100% success in the drilling program to date in 2011, which includes three exploration wells, one on the conventional shelf and...

2011-04-25 23:11:00

HOUSTON, April 26, 2011 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today announced that it has entered into a purchase and sale agreement with private sellers to acquire approximately 21,900 gross leasehold acres (21,500 net acres) in the West Texas Permian Basin for a purchase price of $366 million, subject to adjustments and an effective date of January 1, 2011. The reserves are over 91% oil and natural gas liquids. At January 1, 2011, estimates of proved reserves to be...

2011-03-21 11:00:00

DALLAS, March 21, 2011 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.135350 per unit, payable on April 14, 2011, to unit holders of record on March 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...

2011-02-17 10:00:00

DALLAS, Feb. 17, 2011 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $.097901 per unit, payable on March 14, 2011, to unit holders of record on February 28, 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...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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