secwatch.observer — SEC 8-K summary
======================================

Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001193125-23-216874
Event type: dividend
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.024535/unit monthly distribution; Texas Royalties drive increase
--------------------------------------------------------------------------------

- Declares $0.024535/unit distribution, payable Sep 15, 2023 to holders of record Aug 31, 2023.
- Texas Royalties contributed $1,208,703 on 19,131 bbl oil ($69.48/bbl) and 23,417 Mcf gas ($3.53/Mcf).
- Waddell Ranch did not contribute; cumulative deficit of $(1,762,025) as of June 2023.
- Waddell Ranch CAPEX $10.1M for June; 2023 budget $96.8M net to trust, 42% incurred.
- Management warns Waddell Ranch may not contribute to future distributions if current pricing continues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523216874/0001193125-23-216874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523216874/d536056d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-216874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer