Permian Basin Royalty Trust Announces December Cash Distribution
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DALLAS, Dec. 18, 2020 /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 $0.013413 per unit, payable on January 14, 2021, to unit holders of record on December 31, 2020.
This month s distribution decreased slightly from the previous month as the result of decreased prices for both oil and gas, generally. General and administrative expenses were slightly higher this month compared to the previous month. The Trust was advised by Blackbeard that the Waddell Ranch properties were in a deficit of $2.4 million for the month of October, with the deficit increasing to be recovered to $6.6 million in the months to come. The Texas Royalty Properties reflected a decrease in both oil and gas pricing offset by an increase in oil produ