{"id":416939,"date":"2021-01-19T09:33:23","date_gmt":"2021-01-19T14:33:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416939"},"modified":"2021-01-19T09:33:23","modified_gmt":"2021-01-19T14:33:23","slug":"permian-basin-royalty-trust-announces-january-cash-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/","title":{"rendered":"Permian Basin Royalty Trust Announces January 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\">Jan. 19, 2021<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Simmons Bank<\/span>, 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\">$0.011453<\/span> per unit, payable on <span class=\"xn-chron\">February 12, 2021<\/span>, to unit holders of record on <span class=\"xn-chron\">January 29, 2021<\/span>.<\/p>\n<p>This month&#8217;s distribution decreased slightly from the previous month as the result of increased general and administrative expense. However, production and pricing for both oil and gas on the Waddell properties increased for the month of November. 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\">$1.1 million<\/span> for the month of November, with the deficit increasing to be recovered to <span class=\"xn-money\">$7.6 million<\/span> in the months to come. The Texas Royalty Properties reflected a decrease in oil pricing offset by an increase in gas pricing but with a decrease in both oil and gas production.\u00a0This reflects the production month of November. <\/p>\n<p>\n        <b>WADDELL RANCH<br \/><\/b>In reporting November production of the Underlying Properties for this month&#8217;s press release, production for oil volumes was 57,767 bbls and was priced at about <span class=\"xn-money\">$38.22<\/span> per bbl.\u00a0Production for gas volumes ( including gas liquids) was 178,972 mcf and was priced at about <span class=\"xn-money\">$0.90<\/span> per mcf.\u00a0Net revenue for the underlying properties of the Waddell ranch was <span class=\"xn-money\">$2,716,375<\/span> for November.\u00a0Lease Operating Expenses were <span class=\"xn-money\">$893,986<\/span> after some prior period adjustments and Capital Expenditures were <span class=\"xn-money\">$3,575,598<\/span> for November.\u00a0This would put the Trust&#8217;s proceeds as a deficit of <span class=\"xn-money\">$1,014,907<\/span> for the month of November, leaving a cost deficit cumulative of <span class=\"xn-money\">$7.6 million<\/span>.<\/p>\n<p>Blackbeard advised that through <span class=\"xn-chron\">November 2020<\/span>, approximately two 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<br \/><\/b>Production for the underlying properties at the Texas Royalties was 18,638 barrels of oil and 13,094 Mcf of gas.\u00a0The production for the Trust&#8217;s allocated portion of the Texas Royalties was 15,734 barrels of oil and 11,038 of gas.\u00a0The average price for oil was <span class=\"xn-money\">$37.41<\/span> per bbl and for gas was <span class=\"xn-money\">$4.01<\/span> per Mcf.\u00a0This would primarily reflect production and pricing for the month of November for oil and the month of October 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\">$749,816<\/span>.\u00a0Deducted from these were taxes of <span class=\"xn-money\">$111,404<\/span> resulting in a Net Profit of <span class=\"xn-money\">$638,412<\/span> for the month of November.\u00a0With 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\">$606,491<\/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.\u00a0Also, 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=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Volumes<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Volumes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Price<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen6\">\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=\"prngen6\">\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=\"prngen6\">\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=\"prngen6\">\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=\"prngen6\">\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=\"prngen6\">\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=\"prngen5\">\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=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Waddell Ranch<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">55,767<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">178,972<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">41,825<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">134,229*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$38.22<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.90**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Texas Royalties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18,638<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,094<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15,734<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,055*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$37.41<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$4.01**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\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=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Waddell Ranch<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50,396<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">128,670<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37,797<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">96,503*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$36.37<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.65**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Texas Royalties<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19,830<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,077<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,897<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,683*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$37.88<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3.65**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0 *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\">$73,069<\/span> resulting in a distribution of <span class=\"xn-money\">$533,853<\/span> to 46,608,796 units outstanding, or <span class=\"xn-money\">$0.011453<\/span> per unit.<br \/>The worldwide market conditions continue to affect the pricing for domestic production. It is difficult to predict what effect these conditions will have on future distributions.<br \/>The 2020 tax information packets are expected to begin mailing directly to unit holders in early March 2021.\u00a0A 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.\u00a0To 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\u00a0February 2021 for 2020 tax reporting.<br \/>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.\u00a0Permian&#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=3039162-1&amp;h=3691459783&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=DA50710&amp;sd=2021-01-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-january-cash-distribution-301209731.html\">http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-january-cash-distribution-301209731.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=DA50710&amp;Transmission_Id=202101190930PR_NEWS_USPR_____DA50710&amp;DateId=20210119\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, Jan. 19, 2021 \/PRNewswire\/ &#8212; Simmons 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 $0.011453 per unit, payable on February 12, 2021, to unit holders of record on January 29, 2021. This month&#8217;s distribution decreased slightly from the previous month as the result of increased general and administrative expense. However, production and pricing for both oil and gas on the Waddell properties increased for the month of November. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Permian Basin Royalty Trust Announces January 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-416939","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Permian Basin Royalty Trust Announces January 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-january-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 January Cash Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Jan. 19, 2021 \/PRNewswire\/ &#8212; Simmons 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 $0.011453 per unit, payable on February 12, 2021, to unit holders of record on January 29, 2021. This month&#8217;s distribution decreased slightly from the previous month as the result of increased general and administrative expense. However, production and pricing for both oil and gas on the Waddell properties increased for the month of November. 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 &hellip; Continue reading &quot;Permian Basin Royalty Trust Announces January Cash Distribution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T14:33:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA50710&amp;sd=2021-01-19\" \/>\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-january-cash-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-january-cash-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Permian Basin Royalty Trust Announces January Cash Distribution\",\"datePublished\":\"2021-01-19T14:33:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-january-cash-distribution\\\/\"},\"wordCount\":823,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-january-cash-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA50710&amp;sd=2021-01-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-january-cash-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-january-cash-distribution\\\/\",\"name\":\"Permian Basin Royalty Trust Announces January Cash Distribution - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/","og_locale":"en_US","og_type":"article","og_title":"Permian Basin Royalty Trust Announces January Cash Distribution - Market Newsdesk","og_description":"PR Newswire DALLAS, Jan. 19, 2021 \/PRNewswire\/ &#8212; Simmons 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 $0.011453 per unit, payable on February 12, 2021, to unit holders of record on January 29, 2021. This month&#8217;s distribution decreased slightly from the previous month as the result of increased general and administrative expense. However, production and pricing for both oil and gas on the Waddell properties increased for the month of November. 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 &hellip; Continue reading \"Permian Basin Royalty Trust Announces January Cash Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T14:33:23+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA50710&amp;sd=2021-01-19","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-january-cash-distribution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Permian Basin Royalty Trust Announces January Cash Distribution","datePublished":"2021-01-19T14:33:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/"},"wordCount":823,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA50710&amp;sd=2021-01-19","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-january-cash-distribution\/","name":"Permian Basin Royalty Trust Announces January Cash Distribution - 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