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Subsequent Events (Tables) (Royalty Trusts)

3 Months Ended

Mar. 31, 2014

Royalty Trusts

Subsequent Event

Royalty Trust Distributions

The Royalty Trusts declared and paid quarterly distributions during the three-month periods ended March 31, 2014 and 2013 as follows (in thousands):

	Three Months Ended March 31,
	2014(1)				2013
Total distributions	$	68,313			$	76,361
Distributions to third-party unitholders	$	53,118			$	51,256

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(1) Subordination thresholds were not met for the Mississippian Trust I’s and Mississippian Trust II’s distributions, resulting in reduced distributions to the Company on its subordinated units for this period.

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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