{"id":515141,"date":"2021-07-20T09:33:17","date_gmt":"2021-07-20T13:33:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/"},"modified":"2021-07-20T09:33:17","modified_gmt":"2021-07-20T13:33:17","slug":"permian-basin-royalty-trust-announces-july-cash-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/","title":{"rendered":"Permian Basin Royalty Trust Announces July 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\">July 20, 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\">$0.021355<\/span> per unit, payable on <span class=\"xn-chron\">August 13, 2021<\/span>, to unit holders of record on <span class=\"xn-chron\">July 30, 2021<\/span>.<\/p>\n<p>This month&#8217;s distribution increased from the previous month as the result of increased production of oil offset by a decrease in gas production for the Texas Royalty Properties. Also, the pricing for oil increased slightly offset by a decrease in gas pricing for the Texas Royalty Properties during for the month May.\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 only be reflective of the activity of the Texas Royalty Properties.\u00a0 The activity of the Waddell Ranch will be discussed with the following narrative until it contributes back to the distribution. \u00a0This reflects the production month of May. <\/p>\n<p>\n        <b>WADDELL RANCH<br \/><\/b>In reporting May production of the Underlying Properties for this month&#8217;s press release, production for oil volumes was 94,554 bbls (gross) and was priced at about <span class=\"xn-money\">$63.97<\/span> per bbl.\u00a0 Production for gas volumes (including gas liquids) was 194,689 mcf (gross) and was priced at about <span class=\"xn-money\">$3.99<\/span> per mcf, which now includes the value received from plant products and natural gas liquids.\u00a0 Net revenue for the underlying properties of the Waddell ranch was <span class=\"xn-money\">$6,530,767<\/span> (gross) for May.\u00a0 Lease Operating Expenses were <span class=\"xn-money\">$1,626,098<\/span> (gross) and Capital Expenditures were <span class=\"xn-money\">$8,379,485<\/span> (gross) for May.\u00a0 Included in the Capital Expenditures this month is a prior period correction of about <span class=\"xn-money\">$3.5 million<\/span> reflecting a true up of the 2020 accounting with other partners on the Waddell Ranch. This would put the Trust&#8217;s proceeds as a deficit of <span class=\"xn-money\">$ 2,606,112<\/span> (net) for the month of May, leaving an excess cost deficit cumulative of <span class=\"xn-money\">$12.5 million<\/span> (net). <\/p>\n<p>Resulting producing well count relating to activity on the Waddell Ranch properties for the month of May reflects 10 additional recompletion wells along with the previously stated well count of 39 recompletions giving a total for the year of 49 wells (gross) recompleted and producing.\u00a0 New producing drill well count for the month of May were 8 new drill wells along with the previously stated new drill well count of 14 new drill wells giving the total of new drill wells for the year of 22 (gross) drilled and producing.\u00a0 Both the recompletions and new drill wells are currently receiving revenue on new production, as reflected by the increasing volumes as stated above.<\/p>\n<p>Previously on the release for January, the Capital Expenditures were overstated by <span class=\"xn-money\">$400,000<\/span>, with true deduction of <span class=\"xn-money\">$3,175,596<\/span> being accurate. The cumulative deficit stated was accurate. Also, in the narrative of operation, barrels of oil produced should be 55,767, as stated correctly in the accompanying chart included. In the April release, there was a prior period adjustment <span class=\"xn-money\">$283,000<\/span> allowed to the trust, but not reflected in the narrative.<\/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 19,114 of oil and 10,523 Mcf of gas.\u00a0 The production for the Trust&#8217;s allocated portion of the Texas Royalties was 16,949 barrels of oil and 9,333 of gas.\u00a0 The average price for oil was <span class=\"xn-money\">$61.94<\/span> per bbl and for gas was <span class=\"xn-money\">$6.62<\/span> per Mcf.\u00a0 This would primarily reflect production and pricing for the month of May for oil and the month of April 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\">$1,253,554<\/span>.\u00a0 Deducted from these were taxes of <span class=\"xn-money\">$132,110<\/span> resulting in a Net Profit of <span class=\"xn-money\">$1,121,444<\/span> for the month of May.\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\">$1,065,372<\/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\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Underlying Properties<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" 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 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">94,554<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">194,689<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">70,916<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">146,017*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$63.97<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$2.61**<\/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 nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19,114<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,523<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,949<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,333*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$61.94<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$6.62**<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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 nowrap=\"nowrap\" 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<\/table><\/div>\n<div>\n<table id=\"convertedTablebe86\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\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\">\u00a0** <\/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\">$70,474<\/span> resulting in a distribution of <span class=\"xn-money\">$995,355<\/span> to 46,608,796 units outstanding, or <span class=\"xn-money\">$0.021355<\/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=3233098-1&amp;h=3292386639&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=CL48391&amp;sd=2021-07-20\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-july-cash-distribution-301337306.html\">https:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-july-cash-distribution-301337306.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=CL48391&amp;Transmission_Id=202107200930PR_NEWS_USPR_____CL48391&amp;DateId=20210720\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, July 20, 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 $0.021355 per unit, payable on August 13, 2021, to unit holders of record on July 30, 2021. This month&#8217;s distribution increased from the previous month as the result of increased production of oil offset by a decrease in gas production for the Texas Royalty Properties. Also, the pricing for oil increased slightly offset by a decrease in gas pricing for the Texas Royalty Properties during for the month May.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution. Since the Waddell Ranch &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Permian Basin Royalty Trust Announces July 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-515141","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Permian Basin Royalty Trust Announces July 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-july-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 July Cash Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, July 20, 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 $0.021355 per unit, payable on August 13, 2021, to unit holders of record on July 30, 2021. This month&#8217;s distribution increased from the previous month as the result of increased production of oil offset by a decrease in gas production for the Texas Royalty Properties. Also, the pricing for oil increased slightly offset by a decrease in gas pricing for the Texas Royalty Properties during for the month May.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution. Since the Waddell Ranch &hellip; Continue reading &quot;Permian Basin Royalty Trust Announces July Cash Distribution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-20T13:33:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20\" \/>\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-july-cash-distribution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Permian Basin Royalty Trust Announces July Cash Distribution\",\"datePublished\":\"2021-07-20T13:33:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/\"},\"wordCount\":856,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL48391&amp;sd=2021-07-20\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/\",\"name\":\"Permian Basin Royalty Trust Announces July Cash Distribution - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL48391&amp;sd=2021-07-20\",\"datePublished\":\"2021-07-20T13:33:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL48391&amp;sd=2021-07-20\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL48391&amp;sd=2021-07-20\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-july-cash-distribution\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Permian Basin Royalty Trust Announces July Cash Distribution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Permian Basin Royalty Trust Announces July Cash Distribution - 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-july-cash-distribution\/","og_locale":"en_US","og_type":"article","og_title":"Permian Basin Royalty Trust Announces July Cash Distribution - Market Newsdesk","og_description":"PR Newswire DALLAS, July 20, 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 $0.021355 per unit, payable on August 13, 2021, to unit holders of record on July 30, 2021. This month&#8217;s distribution increased from the previous month as the result of increased production of oil offset by a decrease in gas production for the Texas Royalty Properties. Also, the pricing for oil increased slightly offset by a decrease in gas pricing for the Texas Royalty Properties during for the month May.\u00a0 Currently, only the Texas Royalty Properties are contributing to the monthly distribution. Since the Waddell Ranch &hellip; Continue reading \"Permian Basin Royalty Trust Announces July Cash Distribution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-20T13:33:17+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20","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-july-cash-distribution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Permian Basin Royalty Trust Announces July Cash Distribution","datePublished":"2021-07-20T13:33:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/"},"wordCount":856,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/","name":"Permian Basin Royalty Trust Announces July Cash Distribution - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20","datePublished":"2021-07-20T13:33:17+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL48391&amp;sd=2021-07-20"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-july-cash-distribution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Permian Basin Royalty Trust Announces July Cash Distribution"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/515141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=515141"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/515141\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=515141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=515141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=515141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}