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PERMIAN BASIN ROYALTY TRUST DECLARES CASH DISTRIBUTION

 PERMIAN BASIN ROYALTY TRUST DECLARES CASH DISTRIBUTION
 FORT WORTH, Texas, Aug. 21 /PRNewswire/ -- NationsBank of Texas, N.A., Fort Worth, Texas, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of benefical interest of $.053801 per unit, payable Sept. 15, 1992, to unit holders of record on Aug. 31, 1992.
 Southland Royalty Company ("Southland") has included in the calculation of royalty income for the current month the sum of $1,301,570 as an adjustment related to well overhead rates as a result of Southland becoming the operator of record of the Waddell Ranch properties on May 1, 1991. The Trust's portion of such adjustment is $976,177, which is $.020944 per unit. This $.020944 per unit adjustment is included in the $.053801 cash distribution mentioned above.
 -0- 8/21/92
 /CONTACT: Pamela J. Bradley, assistant vice president of NationsBank of Texas, 817-390-6905/
 (PBT) CO: Permian Basin Royalty Trust ST: Texas IN: FIN SU: DIV


DC -- NY018 -- 2097 08/21/92 11:17 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
Words:176
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PERMIAN BASIN ROYALTY TRUST DECLARES CASH DISTRIBUTION
PERMIAN BASIN ROYALTY TRUST DECLARES CASH DISTRIBUTION

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