secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-170057
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 June cash distribution of $0.052371 per unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523170057/0001193125-23-170057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523170057/d446257d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-170057

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