Permian Basin Royalty Trust declares monthly cash distribution of 4.14c per unit

Argent Trust Company, as Trustee of the Permian Basin Royalty Trust, declared a cash distribution to the holders of its units of beneficial interest of 4.1356c per unit, payable on March 14 to unit holders of record on February 28. This month’s distribution increased from the previous month as the result of primarily an increase in production of both oil and gas offset by a decrease in pricing for oil and an increase in gas pricing for the Waddell Ranch and Texas Royalty Properties during the month of December. Also, a decrease in CAPEX for the Waddell Ranch as year-end activity to complete the 2022 budgeted projects increased the amount of NPI for the month of December.