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Stock impact report

Permian Basin Royalty Trust Announces February Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Feb. 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 $0.050278 per unit, payable on March 13, 2020, to unit holders of record on February 28, 2020.This month's distribution increased from the previous month due primarily to a decrease in the LOE, CAPEX and annual reconciliation of Ad Valorem taxes for both Waddell Ranch and the Texas Royalty Properties.  Pricing for oil and gas production declined slightly for the month, offset by a slight increase in production for oil but gas production declined. This reflects the production month of November. Capital Expenditures decreased to reflect the end of year-end facility work. Lease Operating Expenses (LOE) for the Waddell Ranch properties decreased this month to reflect curtailing of contract services for year-end facilities work on the Waddell Ranch. The Texas Royalty Properties saw Show less Read more
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