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Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Royalty Trust Distributions. On April 24, 2014, the Royalty Trusts announced quarterly distributions for the three-month period ended March 31, 2014. The following distributions are expected to be paid on or before May 30, 2014 to holders of record as of the close of business on May 15, 2014 (in thousands):

Royalty Trust		Total Distribution				Amount to be Distributed to Third-Party Unitholders
Mississippian Trust I		$	8,952			$	8,727
Permian Trust		29,871				23,940
Mississippian Trust II		20,849				17,357
Total		$	59,672			$	50,024

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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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