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Stock impact report

Permian Basin Royalty Trust Announces February Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Feb. 15, 2019 /PRNewswire/ -- Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.031624 per unit, payable on March 14, 2019, to unit holders of record on February 28, 2019.This month's distribution decreased from the previous month due primarily to a decrease of pricing for oil production of approximately 15% from the previous month's pricing.  Gas pricing increased approximately 20% for production on the Waddell Ranch properties.  Both Lease Operating Expenses (LOE) and Capital Expenditures (CapEX) decreased by approximately by 15% relating to drilling preparation and increased maintenance costs.  These expenditures compared to the previous month, which in turn, through the allocation of the Trust's production from the underlying properties, resulted in a decrease in both oil and gas production allocated to the Trust's interest for the Waddell Ranch pro Show less Read more
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