Provident Energy Trust

Provident Energy Trust

January 11, 2005 16:49 ET

Provident Energy Announces January 2005 Cash Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PROVIDENT ENERGY TRUST

TSX SYMBOL: PVE.UN
AMEX SYMBOL: PVX

JANUARY 11, 2005 - 16:49 ET

Provident Energy Announces January 2005 Cash
Distribution

CALGARY, ALBERTA--(CCNMatthews - Jan. 11, 2005) - Provident Energy Trust
(TSX:PVE.UN) (AMEX:PVX) (Provident) today announced its January cash
distribution will be CDN$0.12 per unit payable on February 15, 2005.
January's distribution is consistent with the distribution paid to
unitholders since November 2003.

January's distributions will be paid to unitholders of record on January
20, 2005. The ex-distribution date will be January 18, 2005. For
unitholders receiving their distribution in U.S. funds, the January 2005
cash distribution will be approximately US$0.10 based on an exchange
rate of .8226. The actual U.S. dollar distribution will depend on the
Canadian/U.S. dollar exchange rate on the payment date and will be
subject to applicable withholding taxes.

Provident Energy Trust is a Calgary-based, open-ended energy trust that
owns and manages oil and gas production businesses and a midstream
services business. Provident's energy portfolio is located in some of
the more stable and predictable producing regions in western Canada and
southern California. Provident provides monthly cash distributions to
its unitholders and trades on the Toronto Stock Exchange and the
American Stock Exchange under the symbols PVE.UN and PVX, respectively.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Provident Energy Trust
    Jennifer Pierce
    Senior Manager Investor Relations and Communications
    (403) 231-6736
    Email: info@providentenergy.com
    Website: www.providentenergy.com
    or
    Corporate Head Office:
    700, 112 - 4th Avenue S.W.
    Calgary, Alberta T2P 0H3
    (403) 296-2233 or Toll Free: 1-800-587-6299
    (403) 261-6696 (FAX)