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Stock impact report

Permian Basin Royalty Trust Announces June Cash Distribution

Permian Basin Royalty Trust (PBT) 
US:NYSE Investor Relations: pbt-permian.com/financial_statements.php
Company Research Source: PR Newswire
DALLAS, June 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 $0.039700 per unit, payable on July 15, 2019, to unit holders of record on June 28, 2019.This month's distribution increased from the previous month due primarily to an increase of oil production and gas production.  This reflects the production month of April.  Oil pricing increased, offset by a decline in pricing for gas on the Waddell Ranch.  Capital Expenditures declined to reflect less activity due to the completion of drilling of the additional wells on the Waddell Ranch Properties.  Lease Operating Expenses (LOE) for the Waddell Ranch properties increased this month to reflect the resulting additional work being performed.  The Texas Royalty Properties saw an increase in the production of oil and gas, primarily due to the timing of receipt of payment of certain revenue d Show less Read more
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