secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001193125-23-041753
Event type: dividend
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.041356/unit monthly distribution, up from prior month
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523041753/0001193125-23-041753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523041753/d317040d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041753

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