Permian Basin Royalty Trust Announces April 2021 Cash Distribution And 2021 Reserve Quantities
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DALLAS, April 20, 2021 /PRNewswire/ Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ( Permian ) today declared a cash distribution to the holders of its units of beneficial interest of $0.018156 per unit, payable on May 14, 2021, to unit holders of record on April 30, 2021.
This month s distribution increased slightly from the previous month as the result of increased prices for both oil and gas offset by decreased production on the Waddell Properties due to the end of the February and weather-related outage. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $460,647 for the month of February with the deficit increasing to be recovered to $8.0 million in the months to come. The Texas Royalty Properties reflected an increase in both oil and gas production along wit
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Permian Basin Royalty Trust Announces February Cash Distribution
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DALLAS, Feb. 16, 2021 /PRNewswire/ Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ( Permian ) today declared a cash distribution to the holders of its units of beneficial interest of $0.016492 per unit, payable on March 12, 2021, to unit holders of record on February 26, 2021.
This month s distribution increased slightly from the previous month as the result of increased prices for both oil and gas. General and administrative expenses were lower this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $240,856 for the month of December, with the deficit increasing to be recovered to $7.8 million in the months to come. The Texas Royalty Properties reflected an increase in both oil and gas production offset by a decrease in gas pricing but with an increase i
Permian Basin Royalty Trust Announces December Cash Distribution
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DALLAS, Dec. 18, 2020 /PRNewswire/ Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ( Permian ) today declared a cash distribution to the holders of its units of beneficial interest of $0.013413 per unit, payable on January 14, 2021, to unit holders of record on December 31, 2020.
This month s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally. General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $2.4 million for the month of October, with the deficit increasing to be recovered to $6.6 million in the months to come. The Texas Royalty Properties reflected a decrease in both oil and gas pricing offset by an increase in oil produ