Permian Basin Royalty Trust declares monthly distribution of 4.546c 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 4.546c per unit, payable on March 14, to unit holders of record on February 29. This month’s distribution increased from the previous month due to a slight increase in production and in the pricing of oil and gas, as well as a slight decrease in capital costs on the Waddell Ranch Properties. There was a slight increase in oil volumes produced on the Texas Royalty Properties, offset by a decrease in the price of oil. The gas pricing for the Texas Royalty Properties increased slightly, with gas volumes remaining flat for the month.