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  September 5, 2001
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Home > Company Index > Financial Services > Royalty Trusts > Panhandle Royalty Company

Panhandle Royalty Company
Nasdaq (SC): PANRA
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 PROFILE
Brother, can you spare some oil and gas royalties? Panhandle Royalty owns mineral interests, both working and royalty, in oil- and gas-producing properties in 15 states. Founded as a cooperative in 1926, the firm does not operate any of its own wells, but instead maintains them through partnerships with oil and gas companies. Through these partnerships, Panhandle Royalty also develops wells, sometimes assuming partial costs of production in exchange for a percentage of the oil. Its properties in Oklahoma's Anadarko Basin and New Mexico's Dagger Draw Field provide most of the company's oil and gas production. The company expands by acquiring mineral rights to additional properties.

 COMPETITION
Cross Timbers Royalty Trust (CRT)
Mesa Royalty Trust (MTR)
Sabine Royalty Trust (SBR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 9.30
1-Yr. Sales Growth: 82.4%
Employees: 10
Revenue per employee: $930,000.00

 KEY PEOPLE
• H. W. Peace
    CEO
• Michael C. Coffman
    CFO

 CONTACT INFO
5400 N. Grand Blvd.
Oklahoma City, OK 73112
US
Phone: 405-948-1560
Fax: 405-948-2038

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