Permian Basin Royalty Trust announces Oct cash distribution of $0.042862 per unit, payable Nov 14

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.042862/unit increased from prior month due to higher oil production and pricing on Texas Royalty Properties and Blackbeard distribution on Waddell Ranch.
Waddell Ranch contributed $716,640 after covering cumulative deficit; August production: oil 255,999 bbls at $80.03, gas 859,953 Mcf at $1.79.
Texas Royalties contributed $1,323,092; allocated volumes: 17,052 bbls oil at $77.79, 20,733 Mcf gas at $4.16.
2023 CAPEX budget for Waddell estimated $96.8M net to Trust, ~67% incurred; continued CAPEX may impact future distributions if pricing persists.
Distribution total $1,997,757 on 46,608,796 units outstanding.

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