Permian Basin Royalty Trust March distribution $0.04134/unit, down 9% from Feb; corrects prior error

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.04134/unit payable Apr 12, down from $0.04546 in Feb (decrease of $0.00412/unit or 9%).
Waddell Ranch oil 253,653 bbls at $72.45/bbl; gas 847,835 Mcf (corrected to include plant products) at $2.38/Mcf; NPI $1.1M.
Texas Royalty oil 16,538 bbls at $71.75/bbl; gas 5,430 Mcf at $11.68/Mcf; NPI $1.06M.
Lawsuit vs Blackbeard dismissed without prejudice on Mar 5; dispute unresolved.
Preliminary 2024 capex budget $301M gross ($106M net); 7% incurred in Jan.

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