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Table of Contents
Table of Contents 2
List of Tables 3
List of Figures 4
Company Snapshot 6
Key Information 6
Company Overview 6
Permian Basin Royalty Trust, Valuation and Financial Data 7
Permian Basin Royalty Trust, Share Price Performance 7
Share Price Performance, Q1, 2015-Q1, 2016 7
Permian Basin Royalty Trust, Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2015-Q1, 2016 8
Permian Basin Royalty Trust, Quarterly Production Trends 9
Permian Basin Royalty Trust, Total Oil and Gas Production 9
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 9
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 10
Permian Basin Royalty Trust, Crude Oil Production 11
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 11
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 12
Permian Basin Royalty Trust, Natural Gas Production 13
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 13
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 14
Permian Basin Royalty Trust, Valuation and Financial Data, 2011-2015 15
Permian Basin Royalty Trust, Share Price Performance, 2011-2015 15
Share Price Performance, 2011-2015 15
Key Valuation Metrics, 2011-2015 16
Permian Basin Royalty Trust, Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 17
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 19
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 21
Crude Oil/Liquids Production and Reserve 22
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 22
Crude Oil Production and Reserves By Country/Region, 2011-2015 23
Crude Oil/Liquids Reserve Changes, 2011-2015 25
Natural Gas Production and Reserve 26
Natural Gas Production and Reserve Trend, 2011-2015 26
Natural Gas Production and Reserves, By Country/Region, 2011-2015 27
Natural Gas Reserve Changes, 2011-2015 29
Total Crude Oil and Natural Gas Reserves Life Index 30
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 30
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 31
Permian Basin Royalty Trust, Reserve Replacement Ratio 33
Oil and Gas Production Replacement Ratio 33
Oil and Gas Production Replacement Ratio, 2011-2015 33
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 35
Permian Basin Royalty Trust, Results of Oil & Gas Operations Trend 39
Oil and Gas Revenue and Expenses 39
Oil and Gas Revenue and Expenses, 2011-2015 39
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 40
Oil and Gas Revenue and Expenses, Per boe 42
Oil and Gas Revenue and Expenses, By boe, 2011-2015 42
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 43
Oil and Gas Performance Metrics 45
Well Statistics 46
Producible Oil and Gas Well, 2011-2015 46
Producible Oil and Gas Well, By Country/Region, 2011-2015 47
Recent Developments 49
Permian Basin Royalty Trust - Recent Developments 49
Dec 18, 2015: Permian Basin Royalty Trust Announces December Cash Distribution And 2016 Capital Expenditure Budget 49
Feb 17, 2015: Permian Basin Royalty Trust Announces February Cash Distribution: Update Feb 17, 2015 50
Jan 20, 2015: Permian Basin Royalty Trust Announces January Cash Distribution: Update Jan 20, 2015 50
Appendix 52
Methodology 52
Coverage 52
Secondary Research 52
Primary Research 52
Data Information Sources 53
Company Source 53
SEC/Other Regulatory Filings 53
Other Sources 53
Expert Panel Validation 53
Data Definition 53
Oil and Gas Reserves 53
Units of Measure 54
About GlobalData 54
Disclosure 54
Disclaimer 54
List of Tables
Table 1: Permian Basin Royalty Trust, Key Facts 6
Table 2: Permian Basin Royalty Trust, Share Price Performance, Q1, 2015-Q1, 2016 7
Table 3: Permian Basin Royalty Trust, Key Valuation Metrics, Q1, 2015-Q1, 2016 8
Table 4: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 9
Table 5: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 10
Table 6: Permian Basin Royalty Trust, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 11
Table 7: Permian Basin Royalty Trust, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 12
Table 8: Permian Basin Royalty Trust, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 13
Table 9: Permian Basin Royalty Trust, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 14
Table 10: Permian Basin Royalty Trust, Share Price Performance, 2011-2015 15
Table 11: Permian Basin Royalty Trust, Key Valuation Metrics, 2011-2015 16
Table 12: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 18
Table 13: Permian Basin Royalty Trust, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 20
Table 14: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 21
Table 15: Permian Basin Royalty Trust, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 22
Table 16: Permian Basin Royalty Trust, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 24
Table 17: Permian Basin Royalty Trust, Crude Oil Reserve Changes, mmbbl, 2011-2015 25
Table 18: Permian Basin Royalty Trust, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26
Table 19: Permian Basin Royalty Trust, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 28
Table 20: Permian Basin Royalty Trust, Natural Gas Reserve Changes, bcf, 2011-2015 29
Table 21: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, Years, 2011-2015 30
Table 22: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 32
Table 23: Permian Basin Royalty Trust, Oil and Gas Production Replacement Ratio, %, 2011-2015 33
Table 24: Permian Basin Royalty Trust, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 38
Table 25: Permian Basin Royalty Trust, Revenue and Expenses, US$ mil, 2011-2015 39
Table 26: Permian Basin Royalty Trust, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 41
Table 27: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 42
Table 28: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 44
Table 29: Permian Basin Royalty Trust, Oil and Gas Performance Metrics, 2011-2015 45
Table 30: Permian Basin Royalty Trust, Producible Oil and Gas Wells, 2011-2015 46
Table 31: Permian Basin Royalty Trust, Producible Oil and Gas Wells, By Country/Region, 2011-2015 48
List of Figures
Figure 1: Permian Basin Royalty Trust, Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 7
Figure 2: Permian Basin Royalty Trust, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 8
Figure 3: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 9
Figure 4: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 10
Figure 5: Permian Basin Royalty Trust, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 11
Figure 6: Permian Basin Royalty Trust, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 12
Figure 7: Permian Basin Royalty Trust, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 13
Figure 8: Permian Basin Royalty Trust, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 14
Figure 9: Permian Basin Royalty Trust, Share Price Performance, USD/Share, 2011-2015 15
Figure 10: Permian Basin Royalty Trust, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 16
Figure 11: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 17
Figure 12: Permian Basin Royalty Trust, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 19
Figure 13: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 19
Figure 14: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 21
Figure 15: Permian Basin Royalty Trust, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 22
Figure 16: Permian Basin Royalty Trust, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 23
Figure 17: Permian Basin Royalty Trust, Oil Production, By Country/Region, mmbbl, 2011-2015 23
Figure 18: Permian Basin Royalty Trust, Crude Oil Reserve Changes, mmbbl, 2015 25
Figure 19: Permian Basin Royalty Trust, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 26
Figure 20: Permian Basin Royalty Trust, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 27
Figure 21: Permian Basin Royalty Trust, Gas Production, By Country/Region, bcf, 2011-2015 27
Figure 22: Permian Basin Royalty Trust, Natural Gas Reserve Changes, bcf, 2015 29
Figure 23: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, Years, 2011-2015 30
Figure 24: Permian Basin Royalty Trust, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 31
Figure 25: Permian Basin Royalty Trust, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 31
Figure 26: Permian Basin Royalty Trust, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 32
Figure 27: Permian Basin Royalty Trust, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 33
Figure 28: Permian Basin Royalty Trust, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 35
Figure 29: Permian Basin Royalty Trust, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 35
Figure 30: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 36
Figure 31: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 36
Figure 32: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 37
Figure 33: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 37
Figure 34: Permian Basin Royalty Trust, Revenue and Expenses, US$ mil, 2011-2015 39
Figure 35: Permian Basin Royalty Trust, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 40
Figure 36: Permian Basin Royalty Trust, Production Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 37: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 42
Figure 38: Permian Basin Royalty Trust, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 43
Figure 39: Permian Basin Royalty Trust, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 43
Figure 40: Permian Basin Royalty Trust, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 44
Figure 41: Permian Basin Royalty Trust, Oil and Gas Performance Metrics, 2011-2015 45
Figure 42: Permian Basin Royalty Trust, Producible Oil and Gas Wells, 2011-2015 46
Figure 43: Permian Basin Royalty Trust, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 47
Figure 44: Permian Basin Royalty Trust, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 47
Figure 45: Permian Basin Royalty Trust, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 48