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Permian Basin Royalty Trust






07 Jul 2015





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Permian Basin Royalty Trust (PBT or the trust) is an express trust created by the Permian Basin Royalty Trust Indenture. The trust’s principal assets are comprised of a 75% net overriding royalty interest carved out by Southland Royalty Company (Southland) from its fee mineral interest in the Waddell Ranch properties in Crane County, Texas (Waddell Ranch properties); and a 95% net overriding royalty interest carved out by Southland from its producing royalty properties in Texas (Texas Royalty properties). The trust primarily operates in the US, where it is headquartered in Dallas, Texas. The trust recorded revenues of $41.7 million in the fiscal year ended December 2013, a decrease of 24.3% compared to fiscal 2012.

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