PERMIAN BASIN ROYALTY TRUST PBT

Energy Oil & Gas E&P

Permian Basin Royalty Trust is an express trust. Its Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch Properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Waddell Ranch properties contain approximately 1,067 gross (499 net) productive oil wells and 108 gross (51 net) productive gas wells. The Blackbeard Operating, LLC is an operator of record of the Waddell Ranch properties. In the six fields, there are 12 producing zones ranging in depth from 2,800 to 10,600 feet. The prolific of these zones are the Grayburg and San Andres, which produce from depths between 2,800 and 3,400 feet. Also productive from San Andres are the Sand Hills gas field and the Sand Hills oil field, the Dune (Grayburg/San Andres) oil field, and the Waddell oil field. The Dune and Waddell oil fields are productive from both the Grayburg and San Andres formations.

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PERMIAN BASIN ROYALTY TRUST

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Post by FormosaSpringson Mar 15, 2008 1:17am

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Post# 14724213

Dear Journal-North

"And finally, how did you found my secret Bullboard anyway Caolila? Lol Glad to have you on board!" I completely forgot about the Permian Basin Royalty, until I made the mistake of clicking on PBT....while I have been following PBT.v (Pemberton) for several years. Was Geologist for Southland Royalty in late '70's just before they carved out the Waddell Ranch and am amazed that the thing is still kicking around strong. What a gold mine that has proven to be. Goin' to check into your other Journal Entry. Cheers, and don't the water down there (beer is better!) FormosaSprings/Caolila (depends upon who gets 'revoked' each month)

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