EX-99.1 2 d70512exv99w1.htm EX-99.1

exv99w1

Exhibit 99.1

Permian Basin Royalty Trust

News Release

PERMIAN BASIN ROYALTY TRUST
ANNOUNCES DECEMBER CASH DISTRIBUTION

     DALLAS, Texas, December 18, 2009 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”), today declared a cash distribution to the holders of its units of beneficial interest of $.117641 per unit, payable on January 15, 2010, to unit holders of record on December 31, 2009. Permian’s cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.pbt-permianbasintrust.com/.

     This month’s distribution increased from the previous month due primarily to an increase in both production and pricing. This would primarily reflect production for the month of October. 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 58,651 bbls and 261,772 Mcf. The average price for oil was $71.29 per bbl and for gas was $5.98 per Mcf. Capital expenditures were approximately $411,539. The numbers provided reflect what was net to the Trust.

		Net to Trust Sales
		Volumes								Average Price
										Oil				Gas
		Oil (bbls)				Gas (Mcf)				(per bbl)				(per Mcf)
Current Month			58,651				261,772			$	71.29			$	5.98
Prior Month			47,386				195,437			$	64.84			$	5.04

     Effective June 1, 2009, American Stock Transfer & Trust Company (“AST”) became the new transfer agent and registrar for Permian Basin Royalty Trust. Unitholders with registered ownership accounts can contact AST with questions relating to transfers of ownership and instruction, a change of address, direct deposit of distribution checks, and any other account related questions at the dedicated toll free number 1-800-358-5861.

*     *     *     

Contact:		Ron E. Hooper
		Senior Vice President
		U.S. Trust, Bank of America Private Wealth Management, Trustee
		Toll Free — 1.877.228.5085