secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001193125-23-259950
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523259950/0001193125-23-259950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523259950/d552152d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-259950

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