Permian Basin Royalty Trust Announces February Cash Distribution

       Permian Basin Royalty Trust Announces February Cash Distribution

PR Newswire

DALLAS, Feb. 15, 2013

DALLAS, Feb. 15, 2013 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT)
("Permian") today declared a cash distribution to the holders of its units of
beneficial interest of $.035963 per unit, payable on March 14, 2013, to unit
holders of record on February 28, 2013.

This month's distribution decreased from the previous month due to lower
prices for both oil and gas and decreased production of both oil and gas.
Production for the Trust's allocated portion of the Waddell Ranch and the
Texas Royalty Properties combined for oil and gas respectively was 19,839 bbls
and 23,390 Mcf. The average price for oil was $77.71 per bbl and for gas was
$4.01 per Mcf. This would primarily reflect production for the month of
December for oil and the month of November 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. Actual ad valorem taxes for the year 2012 also exceeded
estimates by $376,480, which also were deducted from this month's

              Underlying Properties
                                    Net to Trust Sales
              Volumes               Volumes             Average   Price
              Oil        Gas        Oil       Gas       Oil       Gas
              (per bbl)  (per Mcf)  (per bbl) (per Mcf) (per bbl) (per Mcf)
Current Month 89,667     343,309    19,839*   23,390*   $77.71    $4.01**
Prior Month   90,303     354,810    29,432*   49,147*   $80.79    $4.37**

*These volumes are the net to the trust, after allocation of expenses to
Trust's net profit interest.
**This pricing includes sales of gas liquid products.

Approximately twelve workover wells were completed in the months of November
and December.Three horizontal wells remain, as of 12/31/12, not completed.
Capital expenditures were approximately $3,279,766. The numbers provided
reflect what was net to the Trust. Due to the allocation method of paying for
capital expenditures and lease operating expenses, the Trust's net volumes are
reduced in order to pay these expenditures.

The results of 2012 capital expenditure program on the Waddell Ranch
Properties, along with the proposed 2013 budget, will be discussed more
thoroughly in the Trust's 10-K filing, due March 1, and in the Annual Report,
to be mailed to unitholders by the end of March 2013.

Also, the Reserve Report dated December 31, 2012 will be disclosed in the 10-K
filing, due by March 1, incorporating the results of the 2012 capital
expenditure and the anticipated 2013 budget.

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

The 2012 tax information packets are expected to begin mailing directly to
unitholders in early March 2013. A copy of Permian's 2012 tax information
booklet will be posted on Permian's website by March 1, 2013. In addition to
the tax booklet the Permian website will also offer two simple calculators for
computing the income and expense amounts and the cost depletion. The
calculators are currently expected to be updated with the 2012 tax information
by the end of February.

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

SOURCE Permian Basin Royalty Trust

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