Permian Basin Royalty Trust · Dallas, TX United States ·(NYSE: PBT)

Permian Basin Royalty Trust is a tax-deferred pipeline for Texas oil money. Formed in 1980, the trust derives royalties from the sale of certain oil and gas assets produced by ConocoPhillips in mature oil fields in Texas, including property that's part of the Waddell Ranch. The trust distributes royalties to shareholders monthly based on the amount of oil and gas produced and sold. In 2007 the company owned royalty interests on proved reserves of 7.1 million barrels of oil and 26.1 billion cu. ft. of natural gas. It also had interests in 1,322 wells and 76,922 gross acres of land. To read the full description, subscribe now.