---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-259950"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T19:10:38.988523+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-259950
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312523259950/0001193125-23-259950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312523259950/d552152d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-259950
- JSON: https://secwatch.observer/filing/0001193125-23-259950.json
- Plain text: https://secwatch.observer/filing/0001193125-23-259950.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.