PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
Permian Basin Royalty Trust declared a July cash distribution of $0.043566 per unit, an increase from the previous month driven primarily by a $1.125 million settlement payment from Blackbeard Operating LLC and higher oil pricing on Texas Royalty Properties. Waddell Ranch properties remain in an excess cost position with zero proceeds included in this month's payout, while Texas Royalty Properties contributed approximately $1.376 million in net profits.
Key figures
- Gas price
- 8.61
- Oil price
- 99.9
- Settlement payment
- 1125000
- Waddell ranch status
- excess_cost_position
- Distribution per unit
- $0.043566
- Tx royalty net profit
- 1448285
- Waddell ranch proceeds
- 0
- Trust units outstanding
- 46608796
- Tx royalty contribution
- 1375871
AI analysis
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