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Stock impact report

Permian Basin Royalty Trust Announces July Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, July 20, 2018 /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 $0.057454 per unit, payable on August 14, 2018, to unit holders of record on July 31, 2018.This month's distribution increased from the previous month due to a reduction of LOE expenditures from previous month, which in turn, through the allocation of the Trust's production from the underlying properties, resulted in an increase in both oil and gas production allocated to the Trust's interest for the Waddell Ranch properties, although the actual production for the underlying properties actually decreased due to some declining field activity.  This factor along with slightly higher oil and gas prices contributed to the increase.  The Texas Royalty Properties saw an increase in both production and pricing for the month.WADDELL RANCHProduction for the underlying properties at the Show less Read more
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