secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001193125-23-149133
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523149133/0001193125-23-149133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523149133/d499224d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149133

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