About: Permian Basin Royalty Trust

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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. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state.

Attributes	Values
rdf:type	Thing company schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise yago:WikicatCompaniesBasedInDallas,Texas yago:WikicatCompaniesEstablishedIn1980 yago:WikicatCompaniesListedOnTheNewYorkStockExchange yago:Abstraction100002137 yago:Company108058098 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity organisation yago:SocialGroup107950920 yago:WikicatEnergyCompaniesOfTheUnitedStates
rdfs:label	Permian Basin Royalty Trust (en)
rdfs:comment	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. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state. (en)
foaf:name	Permian Basin Royalty Trust (en)
foaf:homepage	http://www.pbt-permian.com/
name	Permian Basin Royalty Trust (en)
location	Dallas, Texas Crane County, Texas
dcterms:subject	1980 establishments in the United States Energy companies of the United States Petroleum in Texas Non-renewable resource companies established in 1980 Companies based in Dallas Companies listed on the New York Stock Exchange Energy companies established in 1980 Royalty trusts
Wikipage page ID	15186541 (xsd:integer)
Wikipage revision ID	1022093415 (xsd:integer)
Link from a Wikipage to another Wikipage	1980 establishments in the United States Energy companies of the United States Petroleum in Texas Permian Basin (North America) Public company ConocoPhillips Crude oil Oil Non-renewable resource companies established in 1980 Bank of America Burlington Resources Companies based in Dallas Companies listed on the New York Stock Exchange Dallas, Texas Fort Worth, Texas Natural gas Energy companies established in 1980 Royalty trusts Crane County, Texas Return of capital Royalty trust List of petroleum companies dbr:Meridian_Oil
Link from a Wikipage to an external page	http://www.pbt-permian.com/ https://web.archive.org/web/20080119015912/http:/www.pbt-permianbasintrust.com/
sameAs	Permian Basin Royalty Trust Permian Basin Royalty Trust Permian Basin Royalty Trust Permian Basin Royalty Trust Permian Basin Royalty Trust
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Convert dbt:Infobox_company dbt:Reflist
foundation	Fort Worth, Texas, United States (en)
homepage	http://www.pbt-permian.com/
industry	List of petroleum companies
key people	Ron E. Hooper, Vice President of Bank of America, N.A., Trustee (en)
location	Headquarters in Dallas, Texas; assets mostly in Crane County, Texas (en)
products	Oil and natural gas; royalty trust (en)
type	Public (en)
has abstract	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. Its source of revenue is oil and gas pumped from the geologic formation for which it is named, the Permian Basin in west Texas, as well as a few locations in other parts of the state. Most of the Trust's properties are on the Waddell Ranch in Crane County, Texas, where it owns a 75% net overriding royalty interest in the fee mineral interests (in this case, oil and natural gas). Other properties of the trust are in 32 other Texas counties, most of which are in the western portion of the state, on the High Plains; the trust owns a 95% net overriding royalty interest in all of its properties outside of the Waddell Ranch. The principal productive zones for oil on the Waddell Ranch are in two geologic units, the Grayburg and the San Andreas, at a depth of from 2,800 to 3,400 feet (1,000 m) below ground surface; however there are a total of 12 producing zones on the ranch, including one at a depth of 10,600 feet (3,200 m). As of the end of 2006, there were a total of 800 operational and productive oil wells and 205 natural gas wells on the Waddell Ranch in the Trust. On December 31, 2006, the Trust claimed a lifetime of approximately 8.3 years for all mineral reserves of the Trust. Permin Basin Royalty Trust came into being in November 1980, with an agreement between Southland Royalty Company and the First National Bank of Fort Worth. As is the case with U.S. royalty trusts, the trust cannot function as a business, and has no employees; all operations and maintenance are carried out by the Trustee and its subcontractors. Currently, the assets of the Trust are managed by ConocoPhillips, which acquired , the previous operator. Meridian changed its name to Burlington Resources Oil and Gas Company, LP, in 1996, prior to being acquired by ConocoPhillips in 2006. The Trust pays a relatively high dividend, yielding an annual rate of 12.4% in early 2008; in addition, it pays out monthly, a relative rarity for U.S. stocks. However, its distribution is dependent on the prices of oil and gas; thus, unlike traditional stocks (who, when declaring a dividend, usually maintain it at the same amount for each quarter of the year), the dividend payout will differ each month. Since the Trust's assets are considered a depletable resource, its dividend payments are not taxed at the regular dividend rate, but rather as return of capital instead of return on investment; this is an additional tax advantage in the United States, and applies to all royalty trusts. (en)
gold:hypernym	United
dbp:wordnet_type	http://www.w3.org/2006/03/wn/wn20/instances/synset-company-noun-1
prov:wasDerivedFrom	wikipedia-en:Permian_Basin_Royalty_Trust?oldid=1022093415&ns=0
page length (characters) of wiki page	5027 (xsd:nonNegativeInteger)
founding year	1980-01-01 (xsd:gYear)
industry	List of petroleum companies
key person	Bank of America
product	Oil Natural gas Royalty trust
type	Public company
foaf:isPrimaryTopicOf	wikipedia-en:Permian_Basin_Royalty_Trust
is Link from a Wikipage to another Wikipage of	Income trust Companies listed on the New York Stock Exchange (P) PBT List of Texas companies Crane County, Texas Royalty fund

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