---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-149133"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:10:14.494174+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.044388/unit May distribution (up MoM)

## Summary
- May cash distribution of $0.044388/unit, payable June 14, 2023 to holders of record May 31.
- Waddell Ranch oil production 242,702 bbl at $71.07/bbl; gas 807,905 Mcf at $1.35/Mcf (March).
- Texas Royalties contributed $1.12M to distribution; oil at $72.21/bbl, gas at $4.42/Mcf.
- 2023 capex budget revised to $96.8M net to Trust, with ~30.75 new drills and 45 recompletions.
- Estimated remaining life of Trust: ~15 years based on Jan 1, 2023 reserve report.

## SEC filing metadata
- accession: 0001193125-23-149133
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312523149133/0001193125-23-149133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312523149133/d499224d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-149133
- JSON: https://secwatch.observer/filing/0001193125-23-149133.json
- Plain text: https://secwatch.observer/filing/0001193125-23-149133.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.