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0 0.00355263157894739 0.00263157894736836 0 -0.000578947368421106 0.00457894736842102 0.00526315789473685 0.00526315789473685
Stock impact report

Permian Basin Royalty Trust Announces November Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Nov. 18, 2019 /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 $0.038987 per unit, payable on December 13, 2019, to unit holders of record on November 29, 2019.This month's distribution increased from the previous month due primarily to an increase of both oil and gas production.  This reflects the production month of September. Pricing for both oil and gas increased on the Waddell Ranch. Capital Expenditures declined to reflect less activity, with most of the completion of drilling of the additional wells on the Waddell Ranch Properties in the previous months. Lease Operating Expenses (LOE) for the Waddell Ranch properties decreased substantially this month to reflect an adjustment to the electricity rates incurred last month on the Waddell Ranch for the year.  The Texas Royalty Properties saw a decrease in the posting of production of oi Show less Read more
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