dividend
confidence high
sentiment neutral
materiality 0.50
Permian Basin Royalty Trust declares June cash distribution of $0.052371 per unit
PERMIAN BASIN ROYALTY TRUST
- Distribution of $0.052371 per unit payable July 17, 2023 to holders of record June 30, 2023.
- Waddell Ranch April oil production 221,817 bbls at $77.35/bbl; gas 722,843 Mcf at $0.41/Mcf.
- Waddell Ranch CAPEX of $11.2M in April, with 2023 budget of $96.8M net to Trust.
- Texas Royalties contributed $1,188,541 to distribution from April production.
- Reserve report estimates 11.6M bbls oil and 25.7Bcf gas remaining, life span of 15 years.