dividend
confidence high
sentiment neutral
materiality 0.35
Permian Basin Royalty Trust declares $0.041356/unit monthly distribution, up from prior month
PERMIAN BASIN ROYALTY TRUST
- Distribution of $0.041356/unit payable March 14, 2023 to holders of record Feb 28, 2023; total $1.93M on 46.6M units.
- Waddell Ranch production: 204,289 bbl oil at $74.58/bbl, 788,523 Mcf gas at $3.67/Mcf; net NPI contribution $749,693.
- Texas Royalties contributed $1.32M from 18,073 bbl oil at $79.38/bbl and 20,824 Mcf gas at $5.83/Mcf.
- 2023 CAPEX budget revised to $122M net to trust for ~48.75 new drills and 45 recompletions at Waddell Ranch.
- December CAPEX of $12.35M reduced NPI; year-end 2022 budget 108% expended.