Permian Basin Stock Price, News & Analysis

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.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.011525 per unit, payable on April 14, 2021. This marks a slight decrease from the previous month due to reduced production, despite higher oil and gas prices. For January, oil production was 61,828 bbls at $50.16 per bbl, and gas production was 218,204 mcf at $2.20 per mcf, yielding a net revenue of $3,918,055. General and administrative expenses totaled $157,976, resulting in total distributions of $537,179.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (PBT), has declared a cash distribution of $0.016492 per unit, payable on March 12, 2021. This distribution reflects a slight increase due to rising oil and gas prices, along with reduced administrative expenses. However, the Waddell Ranch properties reported a deficit of $240,856 for December, increasing to $7.8 million in total. Oil production was 60,513 bbls at $44.12 per bbl, while gas production was 198,389 mcf at $2.61 per mcf. The Trust's future distributions remain uncertain due to global market conditions.

On January 19, 2021, Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), announced a cash distribution of $0.011453 per unit to unit holders, payable on February 12, 2021. This distribution reflects a slight decrease due to increased general and administrative expenses. November production reported for Waddell Ranch was 57,767 bbls of oil, priced at $38.22 per bbl, and 178,972 mcf of gas at $0.90 per mcf, totaling a net revenue of $2,716,375. A cumulative deficit of $7.6 million is projected due to ongoing expenses and lower production rates.

Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.013413 per unit, payable on January 14, 2021, to unit holders of record on December 31, 2020. This distribution reflects a decrease attributed to lower oil and gas prices and increased general and administrative expenses. The Waddell Ranch properties reported a net revenue deficit of $2.4 million in October, increasing to $6.6 million. Meanwhile, Texas Royalties generated $695,869 in net profit for October, contributing $661,076 to the distribution.