Welcome to our dedicated page for Permian Basin news (Ticker: PBT), a resource for investors and traders seeking the latest updates and insights on Permian Basin stock.
Permian Basin Royalty Trust (NYSE: PBT) provides investors with income through mineral interests in Texas oil fields. This page aggregates official news and regulatory filings about royalty distributions, operational updates, and legal proceedings.
Access timely reports on production volumes, audit results, and trust administration. Key updates include quarterly royalty payments, litigation developments like the Blackbeard Operating case, and annual reserve evaluations. All content is sourced from SEC filings and verified corporate communications.
Bookmark this page for structured access to:
Earnings Reports: Detailed breakdowns of net royalty income
Legal Filings: Updates on royalty payment disputes
Operational Notices: Production changes across Waddell Ranch and other properties
Refresh regularly for the trust's latest financial disclosures and material events affecting unit holders.
On April 18, 2023, Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.026846 per unit, payable on May 12, 2023, to unitholders of record on April 28, 2023. This distribution reflects a slight increase due to higher oil and gas production in February. Notably, oil production was 206,970 bbl priced at $73.13 per bbl, and gas production was 685,484 Mcf at $1.81 per Mcf. The Waddell Ranch reported a negative net profit interest of $(2,159,705) for February, with ongoing capital expenditures affecting future contributions to the distribution. The Trust's estimated proved reserves totaled 11.6 million barrels of oil and 25.7 billion cubic feet of gas, valued at approximately $1,205,228,000, projecting a 15-year lifespan.
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