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0000950123-10-059579.txt : 20100621 0000950123-10-059579.hdr.sgml : 20100621 20100621151348 ACCESSION NUMBER: 0000950123-10-059579 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100618 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100621 DATE AS OF CHANGE: 20100621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERMIAN BASIN ROYALTY TRUST CENTRAL INDEX KEY: 0000319654 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756280532 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08033 FILM NUMBER: 10907929 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA N A TRUST DEPARTMENT STREET 2: P O BOX 1317 NK OF TEXAS NA TRUST DEPT CITY: FT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173906905 MAIL ADDRESS: STREET 1: 1300 SUMMIT AVENUE SUITE 300 CITY: FORTH WORTH STATE: TX ZIP: 76102 8-K 1 d73939e8vk.htm FORM 8-K e8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 18, 2010

PERMIAN BASIN ROYALTY TRUST

(Exact name of Registrant as specified in its charter)


Texas (State or other jurisdiction of incorporation or organization)		1-8033 (Commission File Number)		75-6280532 (I.R.S. Employer Identification No.)


Trust Division
Royalty Trust Group
U.S. Trust, Bank of America, Private
Wealth Management
901 Main Street, 17th Floor		75202
Dallas, Texas		(Zip Code)
(Address of principal executive offices)

Registrant’s Telephone Number, including area code: (214) 209-2400

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On June 18, 2010, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on June 30, 2010. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


			99.1			Press Release dated June 18, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	PERMIAN BASIN ROYALTY TRUST
	By:	BANK OF AMERICA, N.A., and TRUSTEE
		FOR PERMIAN BASIN ROYALTY TRUST

	By:	/s/ RON E. HOOPER
		Ron E. Hooper
		Senior Vice President, Royalty Management

Date: June 21, 2010

EXHIBIT INDEX


Exhibit
Number		Description
99.1		Press Release dated June 18, 2010.

EX-99.1 2 d73939exv99w1.htm EX-99.1 exv99w1

Exhibit 99.1

Permian Basin Royalty Trust

PERMIAN BASIN ROYALTY TRUST
ANNOUNCES JUNE CASH DISTRIBUTION

DALLAS, Texas, June 18, 2010 — Permian Basin Royalty Trust (NYSE: PBT) (“Permian”), today declared a cash distribution to the holders of its units of beneficial interest of $.126282 per unit, payable on July 15, 2010, to unit holders of record on June 30, 2010. 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 http://www.pbt-permianbasintrust.com/.

This month’s distribution decreased slightly from the previous month due primarily to lower volumes of both oil and gas produced. This would primarily reflect production for the month of April. 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 58,534 bbls and 268,051 Mcf. The average price for oil was $80.76 per bbl and for gas was $6.50 per Mcf. Capital expenditures were approximately $31,000. The numbers provided reflect what was net to the Trust.


	Net to Trust Sales				Average Price
	Volumes				Oil		Gas
	Oil (bbls)		Gas (Mcf)		(per bbl)		(per Mcf)
Current Month		58,534		268,051	$	80.76	$	6.50
Prior Month		61,156		280,593	$	77.59	$	6.99

* * *


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