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- Permian_Basin_Royalty_Trust abstract "The Permian Basin Royalty Trust (NYSE: PBT) is a United States oil and natural gas royalty trust based in Dallas, Texas. With a market capitalization of US $790,000,000, and an average daily trading volume of about 186,000 shares at the end of 2007, it is one of the largest royalty trusts in the United States. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state.Most of the Trust's properties are on the Waddell Ranch in Crane County, Texas, where it owns a 75% net overriding royalty interest in the fee mineral interests (in this case, oil and natural gas). Other properties of the trust are in 32 other Texas counties, most of which are in the western portion of the state, on the High Plains; the trust owns a 95% net overriding royalty interest in all of its properties outside of the Waddell Ranch.The principal productive zones for oil on the Waddell Ranch are in two geologic units, the Grayburg and the San Andreas, at a depth of from 2,800 to 3,400 feet (1,000 m) below ground surface; however there are a total of 12 producing zones on the ranch, including one at a depth of 10,600 feet (3,200 m). As of the end of 2006, there were a total of 800 operational and productive oil wells and 205 natural gas wells on the Waddell Ranch in the Trust. On December 31, 2006, the Trust claimed a lifetime of approximately 8.3 years for all mineral reserves of the Trust.Permin Basin Royalty Trust came into being in November 1980, with an agreement between Southland Royalty Company and the First National Bank of Fort Worth. As is the case with U.S. royalty trusts, the trust cannot function as a business, and has no employees; all operations and maintenance are carried out by the Trustee and its subcontractors. Currently, the assets of the Trust are managed by ConocoPhillips, which acquired Meridian Oil, the previous operator. Meridian changed its name to Burlington Resources Oil and Gas Company, LP, in 1996, prior to being acquired by ConocoPhillips in 2006.The Trust pays a relatively high dividend, yielding an annual rate of 12.4% in early 2008; in addition, it pays out monthly, a relative rarity for U.S. stocks. However, its distribution is dependent on the prices of oil and gas; thus, unlike traditional stocks (who, when declaring a dividend, usually maintain it at the same amount for each quarter of the year), the dividend payout will differ each month.Since the Trust's assets are considered a depletable resource, its dividend payments are not taxed at the regular dividend rate, but rather as return of capital instead of return on investment; this is an additional tax advantage in the United States, and applies to all royalty trusts.".
- Permian_Basin_Royalty_Trust foundationPlace Fort_Worth,_Texas.
- Permian_Basin_Royalty_Trust foundingYear "1980".
- Permian_Basin_Royalty_Trust keyPerson Bank_of_America.
- Permian_Basin_Royalty_Trust keyPerson List_of_oil_exploration_and_production_companies.
- Permian_Basin_Royalty_Trust location Crane_County,_Texas.
- Permian_Basin_Royalty_Trust location Dallas.
- Permian_Basin_Royalty_Trust product Natural_gas.
- Permian_Basin_Royalty_Trust product Oil.
- Permian_Basin_Royalty_Trust product Royalty_trust.
- Permian_Basin_Royalty_Trust type Public_company.
- Permian_Basin_Royalty_Trust wikiPageExternalLink www.pbt-permianbasintrust.com.
- Permian_Basin_Royalty_Trust wikiPageID "15186541".
- Permian_Basin_Royalty_Trust wikiPageRevisionID "536798714".
- Permian_Basin_Royalty_Trust companyName "Permian Basin Royalty Trust".
- Permian_Basin_Royalty_Trust companyType "Public".
- Permian_Basin_Royalty_Trust foundation "Fort Worth, Texas, United States".
- Permian_Basin_Royalty_Trust hasPhotoCollection Permian_Basin_Royalty_Trust.
- Permian_Basin_Royalty_Trust homepage www.pbt-permianbasintrust.com.
- Permian_Basin_Royalty_Trust keyPeople "Ron E. Hooper, Vice President of Bank of America, N.A., Trustee industry = Oil and natural gas".
- Permian_Basin_Royalty_Trust location "Headquarters in Dallas, Texas; assets mostly in Crane County, Texas".
- Permian_Basin_Royalty_Trust products "Oil and natural gas; royalty trust".
- Permian_Basin_Royalty_Trust wordnet_type synset-company-noun-1.
- Permian_Basin_Royalty_Trust subject Category:Companies_based_in_Dallas,_Texas.
- Permian_Basin_Royalty_Trust subject Category:Companies_established_in_1980.
- Permian_Basin_Royalty_Trust subject Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Permian_Basin_Royalty_Trust subject Category:Energy_companies_of_the_United_States.
- Permian_Basin_Royalty_Trust subject Category:Royalty_trusts.
- Permian_Basin_Royalty_Trust type Abstraction100002137.
- Permian_Basin_Royalty_Trust type CompaniesBasedInDallas,Texas.
- Permian_Basin_Royalty_Trust type CompaniesEstablishedIn1980.
- Permian_Basin_Royalty_Trust type Company108058098.
- Permian_Basin_Royalty_Trust type EnergyCompaniesOfTheUnitedStates.
- Permian_Basin_Royalty_Trust type Group100031264.
- Permian_Basin_Royalty_Trust type Institution108053576.
- Permian_Basin_Royalty_Trust type Organization108008335.
- Permian_Basin_Royalty_Trust type SocialGroup107950920.
- Permian_Basin_Royalty_Trust type YagoLegalActor.
- Permian_Basin_Royalty_Trust type YagoLegalActorGeo.
- Permian_Basin_Royalty_Trust type YagoPermanentlyLocatedEntity.
- Permian_Basin_Royalty_Trust type Agent.
- Permian_Basin_Royalty_Trust type Company.
- Permian_Basin_Royalty_Trust type Organisation.
- Permian_Basin_Royalty_Trust type Organization.
- Permian_Basin_Royalty_Trust type Agent.
- Permian_Basin_Royalty_Trust type SocialPerson.
- Permian_Basin_Royalty_Trust type Thing.
- Permian_Basin_Royalty_Trust comment "The Permian Basin Royalty Trust (NYSE: PBT) is a United States oil and natural gas royalty trust based in Dallas, Texas. With a market capitalization of US $790,000,000, and an average daily trading volume of about 186,000 shares at the end of 2007, it is one of the largest royalty trusts in the United States.".
- Permian_Basin_Royalty_Trust label "Permian Basin Royalty Trust".
- Permian_Basin_Royalty_Trust sameAs m.03hl7xb.
- Permian_Basin_Royalty_Trust sameAs Q7169321.
- Permian_Basin_Royalty_Trust sameAs Q7169321.
- Permian_Basin_Royalty_Trust sameAs Permian_Basin_Royalty_Trust.
- Permian_Basin_Royalty_Trust wasDerivedFrom Permian_Basin_Royalty_Trust?oldid=536798714.
- Permian_Basin_Royalty_Trust homepage www.pbt-permianbasintrust.com.
- Permian_Basin_Royalty_Trust isPrimaryTopicOf Permian_Basin_Royalty_Trust.
- Permian_Basin_Royalty_Trust name "Permian Basin Royalty Trust".