Dominion Resources Black Warrior Trust Announces 1st Quarter Cash Distribution

Dominion Resources Black Warrior Trust Announces 1st Quarter Cash Distribution

PR Newswire

DALLAS, Feb. 19, 2013

DALLAS, Feb. 19, 2013 /PRNewswire/ --Dominion Resources Black Warrior Trust
(NYSE: DOM) today announced a quarterly cash distribution to the holders of
its units of beneficial interest of $0.160567 per unit. The distribution will
be payable March 11, 2013 to unitholders of record on March 1, 2013.
Dominion's cash distribution history, current and prior year financial
reports, a link to filings made with the Securities and Exchange Commission
and more can be found on its website at
http://www.dom-dominionblackwarriortrust.com/.

This distribution represents the quarterly royalty payment from Walter Black
Warrior Basin LLC ("WBWB") reflecting production from October 1, 2012 to
December 31, 2012. WBWB reported that production attributable to the Trust's
overriding royalty interests was approximately 502 million cubic feet ("MMcf")
during this period compared to 503 MMcf in the previous quarter. Prices for
this quarter to the trust averaged $3.37 per Mcf compared to $2.78 per Mcf for
the previous quarter. Although production was relatively flat, prices for
natural gas increased.

In March 2012, WBWB notified the Trustee that it is undertaking a study of the
Underlying Properties on a well-by-well basis to determine the economic
viability of continuing to produce each individual well. WBWB has plugged and
abandoned 11 such wells, mostly in the fourth quarter of 2012. These wells
were very low producing and deemed non-economical. Additional information
about remaining wells will be disclosed in detail in the Trust's 2012 10-K
filing by March 18, 2013. The additional decisions on a well by well basis
could adversely affect the Trust's future revenue stream, and if a significant
number of wells are abandoned, it could cause a termination of the Trust. As
of this date, the study has been completed and will be be discussed more fully
in the Annual Report, along with the most current reserve report, also to be
included in the 10-K filing by March 18, 2013.

The 2012 tax information packets are expected to begin mailing directly to
unitholders in early March 2013. A copy of Dominion's 2012 tax information
booklet will be posted on Dominion's website by March 1, 2013. In addition to
the tax booklet the Dominion 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.

The Trust owns overriding royalty interests burdening certain proved developed
coal seam gas properties owned by WBWB and located in the Black Warrior Basin
of Alabama. The Trust is a grantor trust originally formed by Dominion
Resources, Inc. The Trust is designed to provide unitholders with quarterly
cash distributions from its royalty interests in certain coal seam gas
properties. The units are listed on The New York Stock Exchange under the
symbol "DOM".

SOURCE Dominion Resources Black Warrior Trust

Website: http://www.dom-dominionblackwarriortrust.com
Contact: Ron E. Hooper, Senior Vice President, U.S. Trust, Bank of America
Private Wealth Management, Trustee, Toll-free - 1.800.365.6548
 
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