Permian Basin Stock Price, News & Analysis

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.

Permian Basin Royalty Trust (NYSE: PBT) has declared a cash distribution of $0.013566 per unit for November 2020, payable on December 14, 2020. This represents a slight increase from the previous month due to higher gas prices, despite lower oil prices. The Trust reported a net revenue of $2,228,348 from Waddell Ranch, while Texas Royalty properties contributed $666,925. However, a cumulative deficit of around $4.3 million remains to be recovered. General and administrative expenses were lower, totaling $35,044.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (PBT), declared a cash distribution of $0.012620 per unit, payable on November 16, 2020, to unit holders of record on October 30, 2020. This month's distribution reflects an increase due to higher oil prices, despite lower gas prices and increased general expenses. In August, Waddell Ranch reported oil production of 51,002 bbls at $39.48 per bbl. The Texas Royalties produced 18,786 bbls of oil at $40.13 per bbl, yielding a net profit of $686,963.

Permian Basin Royalty Trust (PBT) announced a cash distribution of $0.012354 per unit, payable on October 15, 2020, for unit holders on record by September 30, 2020. The increase from the previous month was attributed to rising oil prices, although gas prices remained low. For July, Waddell Ranch produced 49,622 bbls of oil at $37.38 per bbl, while gas production reached 131,393 mcf at $0.98 per mcf. Texas Royalties contributed $611,270 to the distribution, after tax deductions of $109,528. Market conditions pose uncertainties for future distributions.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.008863 per unit, payable on September 15, 2020. The distribution is an increase due to rising oil and gas prices and reduced administrative expenses. The Trust's operator, Blackbeard Operating, reported mixed production results for June, with Waddell Ranch showing a deficit. Overall, net revenues from the underlying properties amounted to $1,781,814, while capital expenditures were $554,771.

Simmons Bank, Trustee of the Permian Basin Royalty Trust (NYSE: PBT), declared a cash distribution of $0.005702 per unit, payable on August 14, 2020. The distribution reflects the production month of May and is an increase from the previous month. Blackbeard Operating took over reporting for Waddell Ranch properties, which are currently in deficit. Oil production for Waddell Ranch was 48,969 bbls with a price of $14.87 per bbl, and gas production was 119,813 mcf at $0.90 per mcf. General and administrative expenses were reduced to $33,579.

Simmons Bank, as Trustee of Permian Basin Royalty Trust (PBT), announced a cash distribution of $0.001819 per unit, payable on July 14, 2020. The distribution reflects a decrease from the previous month due to significant declines in oil and gas prices. New operator Blackbeard Operating will report quarterly for Waddell Ranch properties, impacting monthly reporting. Texas Royalties reported 21,229 barrels of oil and 17,337 Mcf of gas for April, generating net profits of $344,523 after taxes. General and administrative expenses were $242,961.