Permian Basin Royalty Trust declares September cash distribution of USD 0.02 per unit - PBT News | RalliesPermian Basin Royalty Trust declares September cash distribution of USD 0.02 per unit
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PBT• September cash distribution declared
- Declared a cash distribution of $0.02 per unit, payable Oct. 15 to holders of record Sept. 30.
- September payout excluded Waddell Ranch proceeds as August production costs exceeded gross proceeds, extending an excess-cost position.
- Texas Royalty Properties contributed $1.13 million to the distribution; trust expenses were $216,779, producing a $913,228 payout.
- Allocated August volumes were 13,460 barrels of oil and 4,868 Mcf of gas; average prices were $83.2 per bbl and $13.49 per Mcf.
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