Permian Basin Royalty Trust
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Goat?My post from another board for what it's worth. ~~Plato I have not recommended but have spoken about my position in oil-heavy Amroy Permian Basin Trust (PBT). Though I have not touted this income vehicle, I feel it is incumbent on me to recognize a recent, alarming production decline for both oil and natural gas in properties of this trust. Some of you may hold it. Each month, PBT states its distribution from royalty income on its properties for that month comes from production two months before. The following crunch chart recapitulates monthly production as declared in the monthly distribution press releases. Oil production is stated in barrels, natural gas in mcf. YEAR &
MONTH.......Oil........NG 2009 Oct: 58,651; 261,772 2009 Nov: 53,978; 236,472 2009 Dec: 52,880; 231,516 2010 Jan: 57,228; 261,102 2010 Feb: 54,779: 250,664 2010 Mar: 61,156; 280,593 2010 Apr: 58,534; 268,051 2010 May 56,576; 264,301 2010 Jun: 55,890; 250:232
2010 July: 55,816; 249,353 2010 Aug: 51,576: 236,718 2010 Sep: 46,889; 198,553 2010 Oct: 44,500; 186,868 The profound trend in the last three months is unexplained by PBT, except for the usual references to declining production, and therefore all the the more disturbing. Unless there is a significant production turn-around soon, I may dump this trust, even though it has proved a profitable investment for me thus far. Obviously, I still cannot recommend wrangling this goat. November 2010 production numbers will be revealed in the next distribution announcement, which should be released about 20 January. Best wishes for a prosperous New Year to all, Plato That's me, on the right. 
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| Msg # | Subject | Author | Recs | Date Posted |
| 63 | Re: Goat? | Dalian | 1/11/2011 7:26:22 PM | |
| 64 | Re: Goat? | Plato | 1 | 1/29/2011 11:45:17 AM |
