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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Permian Basin Royalty Trust, Valuation and Financial Data 8
Permian Basin Royalty Trust, Share Price Performance 8
Share Price Performance, Q3, 2015-Q3, 2016 8
Permian Basin Royalty Trust, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2015-Q3, 2016 9
Permian Basin Royalty Trust, Quarterly Production Trends 10
Permian Basin Royalty Trust, Total Oil and Gas Production 10
Total Crude Oil and Natural Gas Production Trend, Q3, 2015-Q3, 2016 10
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 11
Permian Basin Royalty Trust, Crude Oil Production 12
Total Crude Oil Production Trend, Q3, 2015-Q3, 2016 12
Crude Oil Production, By Country/Region, Q3, 2015-Q3, 2016 13
Permian Basin Royalty Trust, Natural Gas Production 14
Total Natural Gas Production Trend, Q3, 2015-Q3, 2016 14
Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 15
Permian Basin Royalty Trust, Valuation and Financial Data, 2011-2015 16
Permian Basin Royalty Trust, Share Price Performance, 2011-2015 16
Share Price Performance, 2011-2015 16
Key Valuation Metrics, 2011-2015 17
Permian Basin Royalty Trust, Production and Reserves Trends 18
Total Oil and Gas, Reserves and Production 18
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 18
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 20
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 23
Crude Oil Production and Reserves By Country/Region, 2011-2015 24
Crude Oil/Liquids Reserve Changes, 2011-2015 26
Natural Gas Production and Reserve 27
Natural Gas Production and Reserve Trend, 2011-2015 27
Natural Gas Production and Reserves, By Country/Region, 2011-2015 28
Natural Gas Reserve Changes, 2011-2015 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 32
Permian Basin Royalty Trust, Reserve Replacement Ratio 34
Oil and Gas Production Replacement Ratio 34
Oil and Gas Production Replacement Ratio, 2011-2015 34
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 36
Permian Basin Royalty Trust, Results of Oil & Gas Operations Trend 40
Oil and Gas Revenue and Expenses 40
Oil and Gas Revenue and Expenses, 2011-2015 40
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 41
Oil and Gas Revenue and Expenses, Per boe 43
Oil and Gas Revenue and Expenses, By boe, 2011-2015 43
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 44
Oil and Gas Performance Metrics 46
Well Statistics 47
Producible Oil and Gas Well, 2011-2015 47
Producible Oil and Gas Well, By Country/Region, 2011-2015 48
Recent Developments 50
Permian Basin Royalty Trust - Recent Developments 50
Dec 18, 2015: Permian Basin Royalty Trust Announces December Cash Distribution And 2016 Capital Expenditure Budget 50
Feb 17, 2015: Permian Basin Royalty Trust Announces February Cash Distribution: Update Feb 17, 2015 51
Jan 20, 2015: Permian Basin Royalty Trust Announces January Cash Distribution: Update Jan 20, 2015 51
Appendix 53
Methodology 53
Coverage 53
Secondary Research 53
Primary Research 53
Data Information Sources 54
Company Source 54
SEC/Other Regulatory Filings 54
Other Sources 54
Expert Panel Validation 54
Data Definition 54
Oil and Gas Reserves 54
Units of Measure 55
About GlobalData 55
Disclosure 55
Disclaimer 55
List of Tables
Table 1: Permian Basin Royalty Trust, Key Facts 7
Table 2: Permian Basin Royalty Trust, Share Price Performance, Q3, 2015-Q3, 2016 8
Table 3: Permian Basin Royalty Trust, Key Valuation Metrics, Q3, 2015-Q3, 2016 9
Table 4: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production, Q3, 2015-Q3, 2016 10
Table 5: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 11
Table 6: Permian Basin Royalty Trust, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 12
Table 7: Permian Basin Royalty Trust, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 13
Table 8: Permian Basin Royalty Trust, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 14
Table 9: Permian Basin Royalty Trust, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 15
Table 10: Permian Basin Royalty Trust, Share Price Performance, 2011-2015 16
Table 11: Permian Basin Royalty Trust, Key Valuation Metrics, 2011-2015 17
Table 12: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19
Table 13: Permian Basin Royalty Trust, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 21
Table 14: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 22
Table 15: Permian Basin Royalty Trust, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Table 16: Permian Basin Royalty Trust, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 25
Table 17: Permian Basin Royalty Trust, Crude Oil Reserve Changes, mmbbl, 2011-2015 26
Table 18: Permian Basin Royalty Trust, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 27
Table 19: Permian Basin Royalty Trust, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 29
Table 20: Permian Basin Royalty Trust, Natural Gas Reserve Changes, bcf, 2011-2015 30
Table 21: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, Years, 2011-2015 31
Table 22: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 33
Table 23: Permian Basin Royalty Trust, Oil and Gas Production Replacement Ratio, %, 2011-2015 35
Table 24: Permian Basin Royalty Trust, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 39
Table 25: Permian Basin Royalty Trust, Revenue and Expenses, US$ mil, 2011-2015 40
Table 26: Permian Basin Royalty Trust, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 42
Table 27: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 43
Table 28: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 45
Table 29: Permian Basin Royalty Trust, Oil and Gas Performance Metrics, 2011-2015 46
Table 30: Permian Basin Royalty Trust, Producible Oil and Gas Wells, 2011-2015 47
Table 31: Permian Basin Royalty Trust, Producible Oil and Gas Wells, By Country/Region, 2011-2015 49
List of Figures
Figure 1: Permian Basin Royalty Trust, Share Price Performance, USD/Share, Q3, 2015-Q3, 2016 8
Figure 2: Permian Basin Royalty Trust, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2015-Q3, 2016 9
Figure 3: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2015-Q3, 2016 10
Figure 4: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 11
Figure 5: Permian Basin Royalty Trust, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 12
Figure 6: Permian Basin Royalty Trust, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 13
Figure 7: Permian Basin Royalty Trust, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 14
Figure 8: Permian Basin Royalty Trust, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 15
Figure 9: Permian Basin Royalty Trust, Share Price Performance, USD/Share, 2011-2015 16
Figure 10: Permian Basin Royalty Trust, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 17
Figure 11: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 18
Figure 12: Permian Basin Royalty Trust, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 20
Figure 13: Permian Basin Royalty Trust, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 20
Figure 14: Permian Basin Royalty Trust, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 22
Figure 15: Permian Basin Royalty Trust, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Figure 16: Permian Basin Royalty Trust, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 24
Figure 17: Permian Basin Royalty Trust, Oil Production, By Country/Region, mmbbl, 2011-2015 24
Figure 18: Permian Basin Royalty Trust, Crude Oil Reserve Changes, mmbbl, 2015 26
Figure 19: Permian Basin Royalty Trust, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 27
Figure 20: Permian Basin Royalty Trust, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 28
Figure 21: Permian Basin Royalty Trust, Gas Production, By Country/Region, bcf, 2011-2015 28
Figure 22: Permian Basin Royalty Trust, Natural Gas Reserve Changes, bcf, 2015 30
Figure 23: Permian Basin Royalty Trust, Oil and Gas Reserves Life Index, Years, 2011-2015 31
Figure 24: Permian Basin Royalty Trust, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 32
Figure 25: Permian Basin Royalty Trust, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 32
Figure 26: Permian Basin Royalty Trust, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 33
Figure 27: Permian Basin Royalty Trust, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 34
Figure 28: Permian Basin Royalty Trust, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 36
Figure 29: Permian Basin Royalty Trust, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 36
Figure 30: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 37
Figure 31: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 37
Figure 32: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 38
Figure 33: Permian Basin Royalty Trust, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 38
Figure 34: Permian Basin Royalty Trust, Revenue and Expenses, US$ mil, 2011-2015 40
Figure 35: Permian Basin Royalty Trust, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 41
Figure 36: Permian Basin Royalty Trust, Production Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 37: Permian Basin Royalty Trust, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 43
Figure 38: Permian Basin Royalty Trust, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 44
Figure 39: Permian Basin Royalty Trust, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 44
Figure 40: Permian Basin Royalty Trust, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 45
Figure 41: Permian Basin Royalty Trust, Oil and Gas Performance Metrics, 2011-2015 46
Figure 42: Permian Basin Royalty Trust, Producible Oil and Gas Wells, 2011-2015 47
Figure 43: Permian Basin Royalty Trust, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 48
Figure 44: Permian Basin Royalty Trust, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 48
Figure 45: Permian Basin Royalty Trust, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 49