secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279756
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523279756/0001193125-23-279756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523279756/d867377d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279756

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