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-0.00429799426934101 -0.00429799426934101 -0.0114613180515759 -0.00209169054441257 0.00550143266475648 0.00051575931232086 0.00024355300859593 -0.00143266475644696
Stock impact report

Permian Basin Royalty Trust Announces January Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, Jan. 18, 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 $0.033628 per unit, payable on February 14, 2019, to unit holders of record on January 31, 2019.This month's distribution decreased from the previous month due primarily to a decrease of pricing for oil production of approximately 12% from the previous month's pricing.  Gas pricing also dropped approximately 5% for production on the Waddell Ranch properties.  Both Lease Operating Expenses (LOE) and Capital Expenditures (CapEX) increased by approximately by 27% relating to drilling preparation and increased maintenance costs.  These increased 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 Wad Show less Read more
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