{"id":402863,"date":"2020-12-18T09:33:14","date_gmt":"2020-12-18T14:33:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402863"},"modified":"2020-12-18T09:33:14","modified_gmt":"2020-12-18T14:33:14","slug":"permian-basin-royalty-trust-announces-december-cash-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/","title":{"rendered":"Permian Basin Royalty Trust Announces December Cash Distribution"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DALLAS<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (&#8220;Permian&#8221;) today declared a cash distribution to the holders of its units of beneficial interest of <span class=\"xn-money\">$0.013413<\/span> per unit, payable on <span class=\"xn-chron\">January 14, 2021<\/span>, to unit holders of record on <span class=\"xn-chron\">December 31, 2020<\/span>.<\/p>\n<p>This month&#8217;s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally.\u00a0 General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of <span class=\"xn-money\">$2.4 million<\/span> for the month of October, with the deficit increasing to be recovered to <span class=\"xn-money\">$6.6 million<\/span> in the months to come. \u00a0The Texas Royalty Properties reflected a decrease in both oil and gas pricing offset by an increase in oil production but with a decrease in gas production.\u00a0 This reflects the production month of October. <\/p>\n<p>\n        <b>WADDELL RANCH<\/b>\n      <\/p>\n<p>In reporting October production of the Underlying Properties for this month&#8217;s press release, production for oil volumes was 50,396 bbls and was priced at about <span class=\"xn-money\">$36.37<\/span> per bbl.\u00a0 Production for gas volumes ( including gas liquids) was 128,670 mcf and was priced at about <span class=\"xn-money\">$0.65<\/span> per mcf.\u00a0 Net revenue for the underlying properties of the Waddell ranch was <span class=\"xn-money\">$2,179,814<\/span> for October.\u00a0 Lease Operating Expenses were <span class=\"xn-money\">$1,664,737<\/span> after some prior period adjustments and Capital Expenditures were <span class=\"xn-money\">$3,617,735<\/span> for October.\u00a0 This would put the Trust&#8217;s proceeds as a deficit of <span class=\"xn-money\">$2,326,993<\/span> for the month of October, leaving a cost deficit cumulative of <span class=\"xn-money\">$6.6 million<\/span>.<\/p>\n<p>Blackbeard advised that through <span class=\"xn-chron\">October 2020<\/span>, approximately five new drill wells were initiated, with three completions resulting of previous drilling.\u00a0 <\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-location\">TEXAS<\/span> ROYALTY PROPERTIES<\/b>\n      <\/p>\n<p>Production for the underlying properties at the Texas Royalties was 19,830 barrels of oil and 16,077 Mcf of gas.\u00a0 The production for the Trust&#8217;s allocated portion of the Texas Royalties was 16,897 barrels of oil and 13,683 of gas.\u00a0 The average price for oil was <span class=\"xn-money\">$37.88<\/span> per bbl and for gas was <span class=\"xn-money\">$3.65<\/span> per Mcf.\u00a0 This would primarily reflect production and pricing for the month of October for oil and the month of September for gas. These allocated volumes were impacted by the pricing of both oil and gas. This production and pricing for the underlying properties resulted in revenues for the Texas Royalties of <span class=\"xn-money\">$809,839<\/span>.\u00a0 Deducted from these were taxes of <span class=\"xn-money\">$113,969<\/span> resulting in a Net Profit of <span class=\"xn-money\">$695,869<\/span> for the month of October.\u00a0 With the Trust&#8217;s Net Profit Interest (NPI) of 95% of the Underlying Properties, this would result in net contribution by the Texas Royalties of <span class=\"xn-money\">$661,076<\/span> to this month&#8217;s distribution.\u00a0 <\/p>\n<p>Blackbeard Operating has advised the Trust of the second half of 2020 capital budget for the Waddell Ranch reflecting 9.4 new drill wells at an estimated <span class=\"xn-money\">$7.5 million<\/span>, net to the Trust.\u00a0 Also, workovers at an estimated <span class=\"xn-money\">$700,000<\/span>, Plug &amp; Abandonment (P&amp;A) of 8.3 wells at an estimated cost of <span class=\"xn-money\">$200,000<\/span> net to the trust, and facilities work of <span class=\"xn-money\">$1.3 million<\/span> net to the Trust. There are 4.5 recompletions planned for the year of 2020 at an estimated cost of <span class=\"xn-money\">$800,000<\/span>, net to the Trust. This would bring the total capital expenditure budget to <span class=\"xn-money\">$10.6 million<\/span> net to the trust of drilling and projects for 2020.<\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen3\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Underlying Properties<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen3\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net to Trust Sales<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<td class=\"prngen3\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Volumes<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Volumes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Price<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oil <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(bbls)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gas<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(Mcf)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oil <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(bbls)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gas <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(Mcf)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oil<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0(per bbl)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gas<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(per Mcf)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Current Month<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Waddell Ranch<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,396<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">128,670<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37,797<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">96,503*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$36.37<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.65**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Texas Royalties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19,830<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,077<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,897<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,683*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$37.88<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3.65**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Prior Month<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Waddell Ranch<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">49,410<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">151,151<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37,058<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">113,363*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$36.51<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1.10**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Texas Royalties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19,312<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,186<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,470<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,799*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$39.27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3.57**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>*These volumes are the net to the trust, after allocation of expenses to Trust&#8217;s net profit interest, including any prior period adjustments.<br \/>\u00a0**This pricing includes sales of gas liquid products.<\/p>\n<p>General and Administrative Expenses deducted for the month were <span class=\"xn-money\">$36,365<\/span> resulting in a distribution of <span class=\"xn-money\">$625<\/span>,166\u00a0to 46,608,796 units outstanding, or <span class=\"xn-money\">$0.013413<\/span> per unit.<\/p>\n<p>The worldwide market conditions continue to affect the pricing for domestic production.\u00a0It is difficult to predict what effect these conditions will have on future distributions.<\/p>\n<p>The 2020 tax information packets are expected to begin mailing directly to unit holders in early March 2021.\u00a0 A copy of Permian&#8217;s 2020 tax information booklet is expected to be posted on Permian&#8217;s website by <span class=\"xn-chron\">February 28, 2021<\/span>. In addition to the tax booklet the Permian website also offers two simple calculators for computing the income and expense amounts and the cost depletion.\u00a0 To facilitate unit holder tax preparation, both the income and expense and the depletion calculators are expected to be updated on Permian&#8217;s website by late\u00a0 <span class=\"xn-chron\">February 2021<\/span> for 2020 tax reporting.<\/p>\n<p>The 2019 Annual Report with Form 10-K and the <span class=\"xn-chron\">January 1, 2020<\/span> Reserve Summary is now available on Permian&#8217;s website.\u00a0 Permian&#8217;s cash distribution history, current and prior year financial reports, tax information booklets, and a link to filings made with the Securities and Exchange Commission, all can be found on Permian&#8217;s website at <b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017568-1&amp;h=2634867396&amp;u=http%3A%2F%2Fwww.pbt-permian.com%2F&amp;a=http%3A%2F%2Fwww.pbt-permian.com%2F\" rel=\"nofollow noopener noreferrer\">http:\/\/www.pbt-permian.com\/<\/a><\/b>.\u00a0 Additionally, printed reports can be requested and are mailed free of charge.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA28671&amp;sd=2020-12-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-december-cash-distribution-301196040.html\">http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-december-cash-distribution-301196040.html<\/a><\/p>\n<p>SOURCE  Permian Basin Royalty Trust<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA28671&amp;Transmission_Id=202012180930PR_NEWS_USPR_____DA28671&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (&#8220;Permian&#8221;) today declared a cash distribution to the holders of its units of beneficial interest of $0.013413 per unit, payable on January 14, 2021, to unit holders of record on December 31, 2020. This month&#8217;s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally.\u00a0 General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $2.4 million for the month of October, with the deficit increasing to be recovered to $6.6 million &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Permian Basin Royalty Trust Announces December Cash Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402863","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Permian Basin Royalty Trust Announces December Cash Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Permian Basin Royalty Trust Announces December Cash Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (&#8220;Permian&#8221;) today declared a cash distribution to the holders of its units of beneficial interest of $0.013413 per unit, payable on January 14, 2021, to unit holders of record on December 31, 2020. This month&#8217;s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally.\u00a0 General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $2.4 million for the month of October, with the deficit increasing to be recovered to $6.6 million &hellip; Continue reading &quot;Permian Basin Royalty Trust Announces December Cash Distribution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T14:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA28671&amp;sd=2020-12-18\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Permian Basin Royalty Trust Announces December Cash Distribution\",\"datePublished\":\"2020-12-18T14:33:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/\"},\"wordCount\":794,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA28671&amp;sd=2020-12-18\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-december-cash-distribution\\\/\",\"name\":\"Permian Basin Royalty Trust Announces December Cash Distribution - 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This month&#8217;s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally.\u00a0 General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $2.4 million for the month of October, with the deficit increasing to be recovered to $6.6 million &hellip; Continue reading \"Permian Basin Royalty Trust Announces December Cash Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T14:33:14+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA28671&amp;sd=2020-12-18","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Permian Basin Royalty Trust Announces December Cash Distribution","datePublished":"2020-12-18T14:33:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/"},"wordCount":794,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA28671&amp;sd=2020-12-18","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-december-cash-distribution\/","name":"Permian Basin Royalty Trust Announces December Cash Distribution - 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