{"id":828463,"date":"2025-03-21T08:06:12","date_gmt":"2025-03-21T12:06:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/"},"modified":"2025-03-21T08:06:12","modified_gmt":"2025-03-21T12:06:12","slug":"permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/","title":{"rendered":"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n DALLAS<\/span>
\n <\/span>, March 21, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or the “Trust”) today declared a cash distribution to the holders of its units of beneficial interest of $0.018047<\/span> per unit, payable on April 14, 2025<\/span>, to unit holders of record on March 31, 2025<\/span>. The distribution does not include proceeds from the\u00a0Waddell Ranch properties, as total production costs (“Production Costs”) exceeded gross proceeds (“Gross Proceeds”) for the month of February, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below.<\/p>\n

This month’s distribution slightly increased from the previous month due primarily to the Texas Royalty Properties having higher oil and natural gas volumes, along with higher oil pricing, partially offset by lower natural gas pricing for the month reported. \u00a0<\/p>\n

\n WADDELL\u00a0RANCH<\/b>\n <\/p>\n

Notwithstanding requests from the Trustee to Blackbeard, the operator of the Waddell Ranch properties, and the fact that prior to May 2024<\/span>, Blackbeard has provided this information on a monthly basis since Argent Trust Company has become Trustee of the Trust, Blackbeard has refused to provide the Trustee information necessary to calculate the net profits interest (“NPI”) proceeds for March 2025<\/span> as of the announcement date for this month’s distribution. As a result of Blackbeard’s failure to provide this information by the NYSE notification date for the distribution, in accordance with the Trust indenture, if NPI proceeds are received from the Waddell Ranch properties on or prior to the record date, they will be included in the April distribution.<\/p>\n

As noted above, no proceeds were received by the Trustee in February 2025<\/span> to be included in the March distribution. \u00a0All excess costs, including any accrued interest, will need to be recovered by future proceeds from the Waddell Ranch properties before any proceeds are distributed to the Trust. Due to the fact that Blackbeard is providing production, pricing and cost information quarterly instead of monthly, the Trustee will be providing that information in the quarterly reports on Form 10-Q and annual reports on Form 10-K for the foreseeable future (to the extent timely received from Blackbeard).<\/p>\n

\n TEXAS\u00a0ROYALTY PROPERTIES<\/b>\n <\/p>\n

Production for the underlying Texas Royalty Properties was 16,839 barrels of oil and 10,659 Mcf of gas. The production for the Trust’s allocated portion of the Texas Royalty Properties was 14,957 barrels of oil and 9,462 Mcf of gas. The average price for oil was $70.81<\/span> per bbl and for gas was $7.88<\/span>, which includes significant NGL pricing, per Mcf. This would mainly reflect production and pricing in December for oil and November 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 Royalty Properties of $1,276,384<\/span>. Deducted from these revenues were taxes and expenses of $137,983<\/span>, resulting in a Net Profit of $1,138,401<\/span> for March. With the Trust’s\u00a0NPI of 95% of the Underlying Properties, this would result in a net contribution by the Texas Royalty Properties of $1,081,481<\/span> to this month’s distribution.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n Underlying\u00a0Properties<\/span>\n <\/p>\n<\/td>\n

\n

\n Net\u00a0to Trust\u00a0Sales<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Volumes<\/span>\n <\/p>\n<\/td>\n

\n

\n Volumes<\/span>\n <\/p>\n<\/td>\n

\n

\n Average Price<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Oil
(bbls)<\/span>\n <\/p>\n<\/td>\n

\n

\n Gas
(Mcf)<\/span>\n <\/p>\n<\/td>\n

\n

\n Oil
(bbls)<\/span>\n <\/p>\n<\/td>\n

\n

\n Gas
(Mcf) (1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n Oil
(per bbl)<\/span>\n <\/p>\n<\/td>\n

\n

\n Gas
(per\u00a0Mcf) (2)<\/sup><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Current\u00a0Month<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Waddell\u00a0Ranch<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Texas Royalties<\/span>\n <\/p>\n<\/td>\n

\n

\n 16,839<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,659<\/span>\n <\/p>\n<\/td>\n

\n

\n 14,957<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,462<\/span>\n <\/p>\n<\/td>\n

\n

\n $70.81<\/span>\n <\/p>\n<\/td>\n

\n

\n $7.88<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Prior\u00a0Month<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Waddell\u00a0Ranch<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Texas Royalties<\/span>\n <\/p>\n<\/td>\n

\n

\n 15,307<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,971<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,469<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,774<\/span>\n <\/p>\n<\/td>\n

\n

\n $68.37<\/span>\n <\/p>\n<\/td>\n

\n

\n $8.38<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n

\n
\n (1)<\/sup> These volumes are net to the Trust, after allocation of expenses to Trust’s net profit interest, including any prior period adjustments.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (2) <\/sup>This\u00a0pricing includes\u00a0sales\u00a0of\u00a0gas\u00a0liquid products.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (3)<\/sup>\u00a0Information is not being made available monthly but may be provided within 30 days next following the close of each calendar quarter. To the extent the Trustee receives such information timely following the quarter, information will be included in the Trust’s quarterly report on Form 10-Q for the applicable quarter (or the annual report on Form 10-K with respect to the fourth quarter).<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

General and Administrative Expenses deducted for the month, net of interest earned were $240,308<\/span> resulting in a distribution of $841,173<\/span> to 46,608,796 units outstanding, or $0.018047<\/span> per unit.<\/p>\n

The\u00a0worldwide\u00a0market\u00a0conditions\u00a0continue to\u00a0affect\u00a0the\u00a0pricing\u00a0for\u00a0domestic\u00a0production.\u00a0It\u00a0is\u00a0difficult to\u00a0predict\u00a0what\u00a0effect\u00a0these conditions will have on future distributions.<\/p>\n

\n TRUST LITIGATION<\/b>\n <\/p>\n

On May 8, 2024<\/span>, the Trustee announced that it had initiated a lawsuit by filing a petition in the District Court of\u00a0Tarrant County, Texas<\/span> against Blackbeard Operating, LLC (“Blackbeard”), the operator of properties in the Waddell Ranch, in Crane County, Texas<\/span>, in which the Trust holds a 75% net overriding royalty. On June 10, 2024<\/span>, Blackbeard filed its original answer and counterclaim to the lawsuit. The trial date in the District Court of Tarrant County<\/span> is scheduled for November 17, 2025<\/span>, 8:30 a.m., Central Time<\/span>. Discovery is ongoing, including on-site audits of the Waddell Ranch properties, engagement of and analyses by expert witnesses, and review of documents provided by Blackbeard.<\/p>\n

Under the original petition, the Trustee sought to recover more than $15 million<\/span> in damages to the Trust resulting from overhead costs and other expenses the Trustee\u00a0alleges<\/span> were impermissibly deducted from royalty payments to the Trust. The Trustee routinely engages in audits of the revenues and expenses with respect to the Trust’s royalty payments. In connection with its audit for the period from 2020-2022 the Trustee identified exceptions to certain expenses deducted from the Trust’s royalty payments, including among other things, incorrect overhead charges, application of overhead charges to non-producing wells, duplicate charges for services, materials and utilities as well as other expenses the Trustee alleges<\/span> are ineligible charges. The Trustee’s petition was amended in September 2024<\/span> to add additional claims relating to the 2023 audit and production volumes, seeking damages of more than $25 million<\/span>. Attempts to resolve the disputed charges outside of court have been unsuccessful to date. Included in Blackbeard’s original answer and counterclaim are requests for declaratory judgment by the court that it may deduct certain disputed overhead charges from Trust royalty payments and that it may limit information it provides to the Trust to quarterly statements of the net proceeds computation and inspection of books and records during normal business hours.<\/p>\n

The 2024 Annual Report with Form 10-K, which includes the December 31, 2024<\/span>, Reserve Summary, has been filed with the Securities Exchange Commission. Permian’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’s website at http:\/\/www.pbt-permian.com\/<\/b>.<\/a>\u00a0Additionally, printed reports can be requested and are mailed free of charge.<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/b>\n <\/p>\n

Any statements in this press release about future events or conditions, and other statements containing the words “estimates,” “believes,” “anticipates,” “plans,” “expects,” “will,” “may,” “intends,” and similar expressions, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors or risks that could cause the Trust’s actual results to differ materially from the results the Trustee anticipates include, but are not limited to the factors described in Part I, Item 1A, “Risk Factors” of the Trust’s Annual Report on Form 10-K for the year ended December 31, 2024<\/span>, and Part II, Item 1A, “Risk Factors” of subsequently filed Quarterly Reports on Form 10-Q.<\/p>\n

Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent the Trustee’s views as of the date hereof. The Trustee anticipates that subsequent events and developments may cause its views to change. However, while the Trustee may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Trustee’s views as of any date subsequent to the date hereof.<\/p>\n

Contact:\u00a0Jana Egeler,\u00a0Vice\u00a0President,\u00a0Argent Trust\u00a0Company,\u00a0Trustee, Toll\u00a0Free\u00a0\u2013\u00a01.855.588.7839<\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties-302406841.html<\/a><\/p>\n

SOURCE Permian Basin Royalty Trust<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire DALLAS , March 21, 2025 \/PRNewswire\/ —\u00a0Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or the “Trust”) today declared a cash distribution to the holders of its units of beneficial interest of $0.018047 per unit, payable on April 14, 2025, to unit holders of record on March 31, 2025. The distribution does not include proceeds from the\u00a0Waddell Ranch properties, as total production costs (“Production Costs”) exceeded gross proceeds (“Gross Proceeds”) for the month of February, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below. This month’s distribution slightly increased from the previous month due primarily to the Texas Royalty … <\/p>\n

Continue reading “PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES”<\/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-828463","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES - 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-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/\" \/>\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 MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS , March 21, 2025 \/PRNewswire\/ —\u00a0Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or the “Trust”) today declared a cash distribution to the holders of its units of beneficial interest of $0.018047 per unit, payable on April 14, 2025, to unit holders of record on March 31, 2025. The distribution does not include proceeds from the\u00a0Waddell Ranch properties, as total production costs (“Production Costs”) exceeded gross proceeds (“Gross Proceeds”) for the month of February, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below. This month’s distribution slightly increased from the previous month due primarily to the Texas Royalty … Continue reading "PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-21T12:06:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA45120&sd=2025-03-21\" \/>\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=\"6 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-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES\",\"datePublished\":\"2025-03-21T12:06:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/\"},\"wordCount\":1302,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA45120&sd=2025-03-21\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\\\/\",\"name\":\"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES - 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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-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/","og_locale":"en_US","og_type":"article","og_title":"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES - Market Newsdesk","og_description":"PR Newswire DALLAS , March 21, 2025 \/PRNewswire\/ —\u00a0Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or the “Trust”) today declared a cash distribution to the holders of its units of beneficial interest of $0.018047 per unit, payable on April 14, 2025, to unit holders of record on March 31, 2025. The distribution does not include proceeds from the\u00a0Waddell Ranch properties, as total production costs (“Production Costs”) exceeded gross proceeds (“Gross Proceeds”) for the month of February, resulting in a continuing excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch properties is described below. This month’s distribution slightly increased from the previous month due primarily to the Texas Royalty … Continue reading \"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-21T12:06:12+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA45120&sd=2025-03-21","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES","datePublished":"2025-03-21T12:06:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/"},"wordCount":1302,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA45120&sd=2025-03-21","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/permian-basin-royalty-trust-announces-march-cash-distribution-and-excess-cost-position-on-waddell-ranch-properties\/","name":"PERMIAN BASIN ROYALTY TRUST ANNOUNCES MARCH CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES - 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