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Stock impact report

PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, April 19, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.088214 per unit, payable on May 14, 2024, to unit holders of record on April 30, 2024.This month's distribution increased from the previous month due mainly to a decrease in capital costs and a higher average oil price, partially offset by decreases in the production of both oil and natural gas as well as a lower average gas price on the Waddell Ranch Properties. For the Texas Royalty Properties, there was an increase in both oil and gas volumes produced for the month as well as higher oil prices, partially offset by lower gas prices for the month reported.WADDELL RANCHProduction for oil volumes was 242,891 (gross) with average pricing of approximately $75.09 per bbl. Production for gas volumes (including gas liquids) was 1,395,453 Mcf (gross) with av Show less Read more
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