PBT declares $0.157171/unit monthly distribution, up from prior month on higher prices and lower CAPEX

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.157171 per unit payable Dec 14, 2023 to holders of record Nov 30, 2023.
Waddell Ranch oil price $88.56/bbl (241,017 bbls gross); gas $3.86/Mcf (804,845 Mcf gross); net NPI contribution $6,085,713.
Texas Royalties contributed $1,292,683 with oil at $85.37/bbl and gas at $3.99/Mcf (including NGL).
Waddell Ranch: 72% of projected $96.8M 2023 CAPEX incurred; trust warns future contributions uncertain if pricing does not hold.
G&A expenses of $60,310 deducted; total distribution $7,325,594 on 46,608,796 units.

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