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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 was one of the largest royalty trusts in the United States.
Permian Basin Royalty Trust announced yesterday its May monthly distribution of $0.088488 per unit, based principally upon production during the month of March 2013 for oil and the month of ...
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The Waddell Ranch contains the single biggest portion of the Permian Basin Royalty Trust, with over 800 producing oil wells as of 2007. Crane County is one of the largest oil-producing counties in Texas, with a total of 1.5 billion barrels (240,000,000 m 3 ) of oil pumped since oil was first discovered there.
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A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining.However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage (e.g. 90%) of profits are distributed to shareholders as dividends.
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The Permian Basin comprises several component basins, including the Midland Basin, which is the largest; Delaware Basin, the second largest; and Marfa Basin, the smallest. The Permian Basin covers more than 86,000 square miles (220,000 km 2 ), [ 1 ] and extends across an area approximately 250 miles (400 km) wide and 300 miles (480 km) long.
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