Burlington Resources announces offering of Permian Basin Royalty Trust units.

0 Comments | M2 Presswire, July, 2005

M2 PRESSWIRE-27 July 2005-Burlington Resources Inc: Burlington Resources announces offering of Permian Basin Royalty Trust units(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:26072005 Houston, Texas - Burlington Resources Inc. (NYSE: BR) today announced an offering to the public of 7,500,000 of its units of beneficial interest in the Permian Basin Royalty Trust (NYSE: PBT), pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission on April 14, 2005.

Burlington is the sole selling unit holder, and no units will be sold by the Trust. Additionally, Burlington has granted the underwriters a 30-day option to purchase up to 1,125,000 additional units to cover over-allotments, if any. The Trust will not receive any...