Dominion Resources Black Warrior Trust Announces 2nd Quarter Cash Distribution and 2013 Reserve Quantities

Dominion Resources Black Warrior Trust Announces 2nd Quarter Cash Distribution
                         and 2013 Reserve Quantities

PR Newswire

DALLAS, May 20, 2013

DALLAS, May 20, 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 $0.146878 per unit. The distribution will
be payable June 7, 2013 to unitholders of record on May 30, 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 January 1, 2013 to March
31, 2013. WBWB reported that production attributable to the Trust's
overriding royalty interests was approximately 443 million cubic feet ("MMcf")
during this period compared to 502 MMcf in the previous quarter. Prices for
this quarter to the trust averaged $3.34 per Mcf compared to $3.37 per Mcf for
the previous quarter. Production declined due to the plugging and abandonment
of non-economic wells and prices for natural gas decreased.

In March 2012, WBWB notified the Trustee that it was 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 has been disclosed in detail in the Trust's 2012 10-K
filed on March 15, 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.

Dominion Resources Black Warrior Trust, as it does after the end of each year,
had a year-end Reserve Report prepared in accordance with the Securities and
Exchange Commission's requirements. This report provides an evaluation of the
estimated asset value as of December 31 of each year, which can be used to
estimate the remaining life of the Trust.

The estimated net proved reserves, as of January 1, 2013, attributable to the
Trust from the properties appraised are approximately 7.6 billion cubic feet
of gas with a future net value of approximately $19,538,000 with a 10%
discounted value of $12,824,000.

With the estimated quantities of this year's reserve estimate of 7.6 billion
cubic feet of gas remaining, it could be estimated that the Trust still has a
life span of 3 to 4 years. The report is an exhibit to the Trust's Annual
Report on Form 10-K that was filed on March 15, 2013 and is available to all
unitholders at this time on the Trust website.

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, 1.800.365.6548
 
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