Permian Basin Stock Price, News & Analysis

Permian Basin Royalty Trust (PBT) has declared a cash distribution of $0.024625 per unit, payable on January 14, 2022, to unitholders of record by December 31, 2021. This distribution sees a slight increase due to improved oil pricing in October. The Waddell Ranch remains in deficit; thus, the distribution reflects only Texas Royalty Properties. October's gross revenue from the Waddell Ranch was $13.4 million with net Trust proceeds at $3.6 million. The Texas Royalty contributed $1.24 million to the distribution. Future market conditions remain uncertain.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), has declared a cash distribution of $0.022527 per unit, payable on December 14, 2021, to unit holders of record by November 30, 2021. This distribution increased slightly due to a minor rise in oil prices for Texas Royalty Properties in September. The Waddell Ranch is currently in a deficit, affecting distributions. In September, the Trust incurred a net loss of $718,486 on Waddell Ranch operations. The 2021 budget for the Waddell Ranch was increased to $51 million, reflecting a focus on production potential.

The Permian Basin Royalty Trust (NYSE: PBT) has declared a cash distribution of $0.022354 per unit, payable on November 15, 2021, to unit holders of record as of October 29, 2021. This distribution reflects a slight decrease due to reduced oil and gas pricing for August. The Trust's net revenue from oil and gas production in August amounted to $1,082,574 from Texas Royalty Properties, while the Waddell Ranch produced $8,506,010 but is currently in deficit, contributing to a cumulative shortfall of $18.1 million.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.023119 per unit, payable on October 15, 2021. This distribution, an increase from the previous month, results from improved oil and gas prices in Texas. The Waddell Ranch remains in deficit, impacting future distributions. July saw total oil production of 102,735 bbls at $71.32 per bbl and gas production of 249,359 Mcf at $3.45 per Mcf. The net revenue from the Waddell Ranch was $8,595,054, but with high operating and capital expenses, the Trust faces a cumulative deficit of $18.2 million.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.019552 per unit for August 2021, payable on September 15, 2021. This marks a decrease from the previous month, attributed to lower oil and gas production despite higher pricing in June. Production details revealed a deficit of $2,976,253 for the Waddell Ranch, with cumulative excess costs totaling $15.5 million. Meanwhile, the Texas Royalty Properties contributed $1,120,123 to the distribution. General and administrative expenses for the month stood at $209,244.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (PBT), declared a cash distribution of $0.021355 per unit, payable on August 13, 2021. This distribution increased due to higher oil production, despite a decrease in gas production. Oil pricing rose slightly while gas pricing fell. The Waddell Ranch is currently in a deficit, impacting future distributions. For May, oil production was 94,554 bbls at $63.97 per bbl, while gas was 194,689 mcf at $3.99 per mcf, resulting in a cumulative deficit of $12.5 million.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (PBT), has announced a cash distribution of $0.017630 per unit, payable on July 15, 2021. This month's distribution marks a decline due to decreased oil production, although gas production saw an increase. The Texas Royalty Properties are currently the sole contributors to the distribution. The Waddell Ranch continues to operate at a deficit, impacting revenues. April production figures included 80,362 bbls of oil priced at $59.93 and 259,608 mcf of gas priced at $1.91.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.021243 per unit, payable on June 14, 2021, to unitholders of record on May 28, 2021. This represents a slight increase from the previous month, driven by higher oil and gas prices despite decreased production at Waddell Properties due to weather disruptions. The total deficit at Waddell Ranch is projected to recover to $8.2 million. Texas Royalty Properties reported improved production, contributing to a net profit of $1,118,393 for March.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.018156 per unit, payable on May 14, 2021. This represents a slight increase due to higher oil and gas prices, but production from the Waddell Properties faced challenges due to a weather-related outage. The Trust reported a deficit of $460,647 for February, expected to recover to $8.0 million. The Texas Royalty Properties contributed a net profit of $955,700 to the distribution. As of January 1, 2021, estimated reserves include 4.5 million barrels of oil and 6.4 billion cubic feet of gas.