{"id":505166,"date":"2021-06-17T17:03:48","date_gmt":"2021-06-17T21:03:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/"},"modified":"2021-06-17T17:03:48","modified_gmt":"2021-06-17T21:03:48","slug":"permian-basin-royalty-trust-announces-june-cash-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/","title":{"rendered":"Permian Basin Royalty Trust Announces June 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\">June 17, 2021<\/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\">$0.017630<\/span> per unit, payable on <span class=\"xn-chron\">July 15, 2021<\/span>, to unit holders of record on <span class=\"xn-chron\">June 30, 2021<\/span>.<\/p>\n<p>This month&#8217;s distribution decreased from the previous month as the result of decreased production of oil offset by an increase in gas production for the Texas Royalty Properties. Also, the pricing for both oil and gas for the Texas Royalty Properties increased for the month April.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution<\/p>\n<p>Since the Waddell Ranch is in current deficit for the foreseeable future, any increase or decrease of the distribution by revenues received, will be only reflective of the activity of the Texas Royalty Properties.\u00a0 The activity of the Waddell Ranch will be discussed with following narrative until it contributes back to the distribution. \u00a0This reflects the production month of April. <\/p>\n<p>\n        <b>WADDELL RANCH<br \/><\/b>In reporting April production of the Underlying Properties for this month&#8217;s press release, production for oil volumes was 80,362 bbls (gross) and was priced at about <span class=\"xn-money\">$59.93<\/span> per bbl.\u00a0 Production for gas volumes (including gas liquids) was 259,608 mcf (gross) and was priced at about <span class=\"xn-money\">$1.91<\/span> per mcf.\u00a0 Net revenue for the underlying properties of the Waddell ranch was <span class=\"xn-money\">$5,643,271<\/span> (gross) for April.\u00a0 Lease Operating Expenses were <span class=\"xn-money\">$1,997,744<\/span> (gross) and Capital Expenditures were <span class=\"xn-money\">$5,811,165<\/span> (gross) for April.\u00a0 This would put the Trust&#8217;s proceeds as a deficit of <span class=\"xn-money\">$(1,624,228)<\/span> (net) for the month of April, leaving an excess cost deficit cumulative of <span class=\"xn-money\">$9.9 million<\/span> (net).\u00a0 Resulting well count relating to activity on the Waddell Ranch properties for the first quarter reflects 27 recompletion wells with additional 12 recompletion wells for the month of April.\u00a0 New drill well count for the first quarter was 8 new drill wells with additional 6 new drill wells in the month of April.\u00a0 Both the recompletions and new drill wells are currently receiving revenue on new production, as reflected by the increasing volumes as stated.<\/p>\n<p>Blackbeard Operating has advised the Trust of the 2021 capital budget of <span class=\"xn-money\">$86.6 million<\/span> (gross), (<span class=\"xn-money\">$32.5 million<\/span> net to the Trust) for the Waddell Ranch proposing 91 (gross) drill wells, with 24 (gross) recompletions.\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 16,339 of oil and 12,869 Mcf of gas.\u00a0 The production for the Trust&#8217;s allocated portion of the Texas Royalties was 14,344 barrels of oil and 11,276 of gas.\u00a0 The average price for oil was <span class=\"xn-money\">$60.65<\/span> per bbl and for gas was <span class=\"xn-money\">$8.34<\/span> per Mcf.\u00a0 This would primarily reflect production and pricing for the month of April for oil and the month of March 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\">$1,098,379<\/span>.\u00a0 Deducted from these were taxes of <span class=\"xn-money\">$126,829<\/span> resulting in a Net Profit of <span class=\"xn-money\">$971,550<\/span> for the month of April.\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\">$922,973<\/span> to this month&#8217;s distribution.\u00a0 <\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Underlying Properties<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen4\">\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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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=\"prngen7\">\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=\"prngen8\">\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\">80,362<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">259,608<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">60,272<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">194,706*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$59.93<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1.91**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\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\">16,339<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,869<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14,344<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,276*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$60.65<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$8.34**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\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=\"prngen7\">\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=\"prngen8\">\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\">74,075<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">157,614<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">55,556<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">118,211*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$61.36<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$3.38**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\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\">17,920<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,115<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15,902<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,598*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$58.09<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$6.86**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table id=\"convertedTable740c\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen10\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">These volumes are the net to the trust, after allocation of expenses to Trust&#8217;s net profit interest, including any prior period adjustments.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">**<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">This pricing includes sales of gas liquid products.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>General and Administrative Expenses deducted for the month were <span class=\"xn-money\">$101,659<\/span> resulting in a distribution of <span class=\"xn-money\">$821,755<\/span> to 46,608,796 units outstanding, or <span class=\"xn-money\">$0.017630<\/span> per unit.<\/p>\n<p>The worldwide market conditions continue to affect the pricing for domestic production.\u00a0 It is difficult to predict what effect these conditions will have on future distributions.<\/p>\n<p>The 2020 Annual Report with Form 10-K and the <span class=\"xn-chron\">January 1, 2021<\/span> Reserve Summary are 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=3200734-1&amp;h=880797203&amp;u=http%3A%2F%2Fwww.pbt-permian.com%2F&amp;a=http%3A%2F%2Fwww.pbt-permian.com%2F\" rel=\"nofollow noopener\">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=DA15505&amp;sd=2021-06-17\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-june-cash-distribution-301315119.html\">http:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-june-cash-distribution-301315119.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=DA15505&amp;Transmission_Id=202106171700PR_NEWS_USPR_____DA15505&amp;DateId=20210617\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, June 17, 2021 \/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 $0.017630 per unit, payable on July 15, 2021, to unit holders of record on June 30, 2021. This month&#8217;s distribution decreased from the previous month as the result of decreased production of oil offset by an increase in gas production for the Texas Royalty Properties. Also, the pricing for both oil and gas for the Texas Royalty Properties increased for the month April.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution Since the Waddell Ranch is in current deficit for the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Permian Basin Royalty Trust Announces June 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-505166","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Permian Basin Royalty Trust Announces June 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-june-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 June Cash Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, June 17, 2021 \/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 $0.017630 per unit, payable on July 15, 2021, to unit holders of record on June 30, 2021. This month&#8217;s distribution decreased from the previous month as the result of decreased production of oil offset by an increase in gas production for the Texas Royalty Properties. Also, the pricing for both oil and gas for the Texas Royalty Properties increased for the month April.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution Since the Waddell Ranch is in current deficit for the &hellip; Continue reading &quot;Permian Basin Royalty Trust Announces June Cash Distribution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T21:03:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA15505&amp;sd=2021-06-17\" \/>\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=\"3 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-june-cash-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-june-cash-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Permian Basin Royalty Trust Announces June Cash Distribution\",\"datePublished\":\"2021-06-17T21:03:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-june-cash-distribution\\\/\"},\"wordCount\":707,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-june-cash-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA15505&amp;sd=2021-06-17\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-june-cash-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-june-cash-distribution\\\/\",\"name\":\"Permian Basin Royalty Trust Announces June 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-june-cash-distribution\/","og_locale":"en_US","og_type":"article","og_title":"Permian Basin Royalty Trust Announces June Cash Distribution - Market Newsdesk","og_description":"PR Newswire DALLAS, June 17, 2021 \/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 $0.017630 per unit, payable on July 15, 2021, to unit holders of record on June 30, 2021. This month&#8217;s distribution decreased from the previous month as the result of decreased production of oil offset by an increase in gas production for the Texas Royalty Properties. Also, the pricing for both oil and gas for the Texas Royalty Properties increased for the month April.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution Since the Waddell Ranch is in current deficit for the &hellip; Continue reading \"Permian Basin Royalty Trust Announces June Cash Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-17T21:03:48+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA15505&amp;sd=2021-06-17","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Permian Basin Royalty Trust Announces June Cash Distribution","datePublished":"2021-06-17T21:03:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/"},"wordCount":707,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA15505&amp;sd=2021-06-17","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-june-cash-distribution\/","name":"Permian Basin Royalty Trust Announces June Cash Distribution - 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