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Profile: Permian Basin Royalty Trust (PBT.N)

PBT.N on New York Stock Exchange

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Permian Basin Royalty Trust, incorporated in 1980, 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 six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. As of December 31, 2016, the Waddell Ranch properties contained 794 gross (349 net) productive oil wells, 151 gross (64 net) productive gas wells and 250 gross (102 net) injection wells. Burlington Resources Oil & Gas Company LP (BROG) operates the Company's Waddell Ranch properties. In the six fields, there are 12 producing zones ranging in depth from 2,800 to 10,600 feet. Most prolific of these zones are the Grayburg and San Andres, which produce from depths between 2,800 and 3,400 feet. Also productive from the San Andres are the Sand Hills (Judkins) gas field and the Sand Hills (McKnight) oil field, the Dune (Grayburg/San Andres) oil field, and the Waddell (Grayburg/San Andres) oil field. The Dune and Waddell oil fields are productive from both the Grayburg and San Andres formations. The Sand Hills (Tubb) oil fields produce from the Tubb formation at depths averaging 4,300 feet, and the University Waddell (Devonian) oil field is productive from the Devonian formation between 8,400 and 9,200 feet.

As of December 31, 2016, the Company's Texas Royalty properties consisted of royalty interests in mature 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 33 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.

Company Address

Permian Basin Royalty Trust

PO Box 962020
FORT WORTH   TX   76162-2020
P: +1214.2092400
F: +1214.5597010

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