Permian Basin Royalty Trust Announces November Cash Distribution

       Permian Basin Royalty Trust Announces November Cash Distribution

PR Newswire

DALLAS, Nov. 19, 2012

DALLAS, Nov. 19, 2012 /PRNewswire/ --Permian Basin Royalty Trust (NYSE: PBT)
("Permian") today declared a cash distribution to the holders of its units of
beneficial interest of $.069152 per unit, payable on December 14, 2012, to
unit holders of record on November 30, 2012. Permian's cash distribution
history, current and prior year financial reports and tax information
booklets, a link to filings made with the Securities and Exchange Commission
and more can be found on its website at

This month's distribution decreased from the previous month due to decreased
production of both oil and gas, offset by a slight increase of prices for both
oil and gas. An additional prior period adjustment of approximately $153,000
also reduced the distribution this month.

Production for Waddell Ranch and the Texas Royalty Properties combined for oil
and gas respectively was 33,455 bbls and 72,139 Mcf. The average price for
oil was $89.99 per bbl and for gas was $4.76 per Mcf. This would primarily
reflect production for the month of September for oil and the month of August
for gas. The worldwide market conditions continue to affect the pricing for
domestic production. It is difficult to predict what effect these conditions
will have on future distributions.

Approximately six workover wells were completed in the month of October. In
addition, one horizontal well was completed in September. Capital
expenditures were approximately $2,621,200. The numbers provided reflect what
was net to the Trust.

The Trustee continues to evaluate the claim of $4,542,547 overpayment that was
recouped by ConocoPhillips back in September and October 2011.

               Net to Trust Sales
               Volumes                 Average Price
                                       Oil        Gas
               Oil (bbls)  Gas (Mcf)
                                       (per bbl)  (per Mcf)
Current Month  33,455      72,139      $89.99     $4.76**
Prior Month    37,395      104,985     $88.54     $4.10**

**This pricing includes sales of gas liquid products.

SOURCE Permian Basin Royalty Trust

Contact: Ron E. Hooper, Senior Vice President, U.S. Trust, Bank of America
Private Wealth Management, Trustee, Toll Free - 1-877-228-5085
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