Profile: Permian Basin Royalty Trust (PBT.N)
24 Mar 2017
Permian Basin Royalty Trust, incorporated on June 2, 1905, is an express trust. The Company's Waddell Ranch Properties has mineral interests in the Waddell Ranch. The Company's Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company's Waddell Ranch properties are operated by Burlington Resources Oil & Gas Company LP (BROG). The fields have approximately 12 producing zones, including Grayburg and San Andres, ranging in depth from 2,800 feet to 10,600 feet. Its Sand Hills (Tubb) oil fields produce from the Tubb formation at depths averaging approximately 4,300 feet and the University Waddell (Devonian) oil field is productive from the Devonian formation approximately between 8,400 feet and 9,200 feet.
The Company's Texas Royalty properties consist of royalty interests in producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others located in approximately 30 counties across Texas. Its Texas Royalty properties consist of approximately 125 separate royalty interests containing approximately 303,000 gross (approximately 51,000 net) producing acres.
Permian Basin Royalty Trust
PO Box 962020
FORT WORTH TX 76162-2020