Dominion Resources Black Warrior Trust Announces 4th Quarter Cash Distribution

Dominion Resources Black Warrior Trust Announces 4th Quarter Cash Distribution

PR Newswire

DALLAS, Nov. 19, 2013

DALLAS, Nov. 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 $0.172241 per unit. The distribution will
be payable December 9, 2013 to unitholders of record on November 29, 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 July 1, 2013 to
September 30, 2013. WBWB reported that production attributable to the Trust's
overriding royalty interests was approximately 481 million cubic feet ("MMcf")
during this period compared to 476 MMcf in the previous quarter. Prices for
this quarter to the trust averaged $3.54 per Mcf compared to $4.09 per Mcf for
the previous quarter. Production for this quarter was relatively flat
compared to the previous quarter.

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 September
30, 2013 10-Q filed on November 4, 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. The total number of wells abandoned in 2013 will be stated in the
next press release on or about February 19, 2014.

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".

The 2013 tax information packets are expected to begin mailing directly to
unitholders in early March 2014. A copy of Dominion's 2013 tax information
booklet will be posted on Dominion's website by March 1, 2014. 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 2013 tax information
by February 15, 2014.

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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