<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONDENSED STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS OF
PREMIAN BASIN ROYALTY TRUST AS OF DECEMBER 31, 1998, AND THE RELATED CONDENSED
STATEMENTS OF DISTRIBUTABLE INCOME AND CHANGES IN TRUST CORPUS FOR THE 12 MONTH
PERIOD ENDED DECEMBER 31, 1998.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         525,193
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               525,193
<PP&E>                                      10,975,216
<DEPRECIATION>                               7,638,633
<TOTAL-ASSETS>                               3,861,776
<CURRENT-LIABILITIES>                          525,193
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   3,336,583
<TOTAL-LIABILITY-AND-EQUITY>                 3,861,776
<SALES>                                              0
<TOTAL-REVENUES>                            10,805,726
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               391,344
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             10,414,382
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         10,414,382
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                10,414,382
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0