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Stock impact report

Permian Basin Royalty Trust Announces April Cash Distribution And 2020 Reserve Quantities

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, April 20, 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 $0.023048 per unit, payable on May 14, 2020, to unit holders of record on April 30, 2020.This month's distribution decreased from the previous month due primarily to a significant decline in pricing for oil, but was offset by slightly higher gas pricing for the Waddell Ranch, along with a decline in production in both oil and gas for the Waddell Ranch. The Texas Royalty Properties reflected a decrease in oil production offset by a slight increase in gas production. Also, pricing for both oil and gas for the Texas Royalty Properties both experienced a significant decrease. This reflects the production month of February. WADDELL RANCHProduction for the underlying properties at the Waddell Ranch was 44,232 barrels of oil and 233,069 Mcf of gas. The production for the Trust's allo Show less Read more
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