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Website. Permian Basin Royalty Trust. 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 ...
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The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest producing oil field in the United States, producing an average of 4.2 million barrels of crude oil per day in 2019. This sedimentary basin is located in western Texas and southeastern New Mexico. It is named after the Permian geologic ...
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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 ...
Jan. 10—The Permian Basin and southeast New Mexico will remain a hub of brisk oil production, keeping the U.S. a top fossil fuel leader in the coming decades, a national industry group said ...
Pioneer Natural Resources Company. Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil.
Royalty trust. 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.