Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2020, the Waddell Ranch properties contained 221 net productive oil wells, 39 net productive gas wells, and 67 net injection wells. The company also holds a 95% net overriding royalty in the Texas Royalty properties, which consist of various producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others located in 33 counties in Texas. Its Texas Royalty properties comprised approximately 125 separate royalty interests containing 51,000 net producing acres. Permian Basin Royalty Trust was founded in 1980 and is based in Dallas, Texas.
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Website: pbt-permian.com
DALLAS, May 5, 2022 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE:PBT) (the "Trust") today announced that, at a special meeting of the Trust's unitholders held May 4, 2022, the unitholders of the Trust voted to approve the proposals set forth in the Trust's definitive proxy statement, including the appointment of Argent Trust Company as successor trustee to serve as trustee of the Trust once the resignation of Simmons Bank, the current Trustee of the Trust, takes effect and approval of related amendments to the Trust Indenture of the Trust. The effective date of the Trustee's resignation will depend on the satisfaction or waiver of the conditions set forth in the Trustee's notice of resi
DALLAS, April 6, 2022 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE:PBT) today announced that the Special Meeting of the Trust's unitholders scheduled for April 5, 2022 for the purpose of obtaining approval of the appointment of Argent Trust Company as successor trustee of the Trust, was adjourned due to the lack of the requisite quorum. The Special Meeting has been adjourned until Wednesday, May 4, 2022 at 11:00 a.m., central time, at Shady Oaks Country Club, 320 Roaring Springs Road, Fort Worth, TX 76114. The Trust's proxy materials, which were previously filed and mailed to the unitholders on or about February 11, 2022, remain unchanged. The record date for unitholders entitled to
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
10-Q - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
10-Q - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
8-K - PERMIAN BASIN ROYALTY TRUST (0000319654) (Filer)
SC 13G/A - PERMIAN BASIN ROYALTY TRUST (0000319654) (Subject)
SC 13G - PERMIAN BASIN ROYALTY TRUST (0000319654) (Subject)
SC 13G/A - PERMIAN BASIN ROYALTY TRUST (0000319654) (Subject)
SC 13G/A - PERMIAN BASIN ROYALTY TRUST (0000319654) (Subject)
DALLAS, Nov. 18, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.021733 per unit, payable on December 13, 2024, to unit holders of record on November 29, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month or any proceeds for October, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of October, resulting in an excess cost position for the Waddell Ranch properties. More information regarding the Waddell Ranch propertie
DALLAS, Oct. 21, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.029986 per unit, payable on November 15, 2024, to unit holders of record on October 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from September in the amount of $267,781. More information regarding the Waddell Ranch properties is described below. This month's distribution decreased from the previous month due primarily to the September proceeds being less than the Au
DALLAS, Sept. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.050711 per unit, payable on October 15, 2024, to unit holders of record on September 30, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from August in the amount of $934,450. More information regarding the Waddell Ranch properties is described below. This month's distribution decreased from the previous month due primarily to the August proceeds being less than the July p
DALLAS, Aug. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.051902 per unit, payable on September 16, 2024, to unit holders of record on August 30, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from July in the amount of $1,508,873. More information regarding the Waddell Ranch properties is described below. This month's distribution decreased from the previous month due mainly to the July proceeds being less than the June proceed
DALLAS, July 19, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.070169 per unit, payable on August 14, 2024, to unit holders of record on July 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from June in the amount of $2,177,289. More information regarding the Waddell Ranch properties is described below. This month's distribution slightly decreased from the previous month due mainly to the June proceeds being less than the May proce
DALLAS, June 17, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.072743 per unit, payable on July 15, 2024, to unit holders of record on June 28, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month, but does include the proceeds from May in the amount of $2,247,045. More information regarding the Waddell Ranch properties is described below. This month's distribution increased from the previous month due mainly to the inclusion of the May proceeds from the Waddell Ra
DALLAS, June 3, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") announces that proceeds for the Waddell Ranch Properties in the amount of $2,247,045 were received on May 31, 2024. These proceeds will be included in the June 2024 distribution calculation, together with proceeds from the Texas Royalty Properties, which will be announced on Monday, June 17, 2024. Contrary to historical practice, Blackbeard Operating, LLC ("Blackbeard"), the operator of the Waddell Ranch Properties, did not provide the Trustee with any supporting documentation regarding production or pricing of the oil or natural gas products, or any
DALLAS, May 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.020052 per unit, payable on June 14, 2024, to unit holders of record on May 31, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the reasons described in more detail below. This month's distribution decreased from the previous month due mainly to the omission of proceeds from the Waddell Ranch properties and, for the Texas Royalty Properties, lower volumes produced for the month for both oil and gas, partially offset by hi
DALLAS, May 8, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today announced that it has initiated a lawsuit by filing a petition in the District Court of Tarrant County, Texas against Blackbeard Operating, LLC ("Blackbeard"), the operator of properties in the Waddell Ranch, in Crane County, Texas, in which the Trust holds a 75% net overriding royalty. Pursuant to the petition, the Trustee seeks to recover more than $15 million in damages to the Trust resulting from overhead costs and other expenses the Trustee alleges were impermissibly deducted from royalty payments to the Trust. The Trustee routinely engages
DALLAS, April 19, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE:PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.088214 per unit, payable on May 14, 2024, to unit holders of record on April 30, 2024. This month's distribution increased from the previous month due mainly to a decrease in capital costs and a higher average oil price, partially offset by decreases in the production of both oil and natural gas as well as a lower average gas price on the Waddell Ranch Properties. For the Texas Royalty Properties, there was an increase in both oil and gas volumes produced fo
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. San Juan Basin Royalty Trust (NYSE:SJT) On Sept. 7, San Juan Basin Royalty Trust reached a settlement agreement with Hilcorp for $1.04
Friday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 4.29 cents per share. On Monday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.29 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own PBT as of the end of Friday's session are eligible to receive the 4.29 cents
Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 2.24 cents per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.24 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the
Thursday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 2.17 cents per share. On Friday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.17 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the 2.17 ce
Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 2.36 cents per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 2.36 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the
Friday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 3.68 cents per share. On Monday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 3.68 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own PBT as of the end of Friday's session are eligible to receive the 3.68 cents
Monday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 8.1 cents per share. On Tuesday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.1 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own PBT as of the end of Monday's session are eligible to receive the 8.1 cents d
Thursday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 20.86 cents per share. On Friday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20.86 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the 20.86
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BP PUT SWEEP BULLISH 11/18/22 $25.00 $31.2K 596 2.7K SLB CALL SWEEP BULLISH 11/18/22 $50.00 $100.6K 1