secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001193125-23-191309
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.021749/unit distribution; Waddell Ranch NPI negative
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- July distribution $0.021749/unit, payable Aug 14 to holders of record July 31; down from prior month on lower oil/gas prices.
- Waddell Ranch net profit interest negative $(2.78M) for May due to $13.3M capex and $6.1M lease expenses; no contribution.
- Trust warns if current pricing persists, Waddell Ranch may not support future distributions.
- 2023 capex budget for Waddell Ranch $96.8M net to trust; 42% incurred; 30.75 new drills, 45 recompletions planned.
- Texas Royalties contributed $1.03M net; oil $73.01/bbl, gas $5.79/Mcf for May production.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/0001193125-23-191309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523191309/d444572d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191309

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