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Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Events occurring after March 31, 2013 were evaluated to ensure that any subsequent events that met the criteria for recognition and/or disclosure in this Quarterly Report have been included.

Royalty Trust Distributions. On April 25, 2013, the Royalty Trusts announced quarterly distributions for the three-month period ended March 31, 2013. The following distributions are expected to be paid on May 30, 2013 to holders of record as of the close of business on May 15, 2013 (in thousands):

Royalty Trust		Total Distribution				Amount to be Distributed to Third-Party Unitholders
Mississippian Trust I		$	15,909			$	12,087
Permian Trust		24,787				18,688
Mississippian Trust II		27,761				16,693
Total		$	68,457			$	47,468

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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