---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-279756"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:31:59.014596+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-279756
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312523279756/0001193125-23-279756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312523279756/d867377d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-279756
- JSON: https://secwatch.observer/filing/0001193125-23-279756.json
- Plain text: https://secwatch.observer/filing/0001193125-23-279756.txt

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