Permian Basin Royalty Trust

Permian Basin Royalty Trust is a trust that holds royalty interests in oil and gas properties in the United States. It does not operate the properties itself but receives royalty income from production. The trust's primary assets include a 75% net overriding royalty interest in the Waddell Ranch properties located in Crane County, Texas, and a 95% net overriding royalty interest in the Texas Royalty properties, which span 33 counties across Texas. The Texas Royalty properties consist of approximately 125 separate royalty interests covering about 51,000 net producing acres. The trust distributes the net proceeds from these royalties to its unit holders.

Permian Basin Royalty Trust is listed on the New York Stock Exchange (NYSE) under the ticker symbol PBT. Its financials are reported in US Dollars (USD), as the trust is based in the United States. The trust's units trade on this major exchange, providing liquidity for investors. The use of USD aligns with the trust's operations, as all its royalty income from oil and gas production in Texas is received in US Dollars.

Permian Basin Royalty Trust operates in the Energy sector, specifically within the Oil & Gas Midstream industry. This means the trust is involved in the midstream segment of the oil and gas value chain, which focuses on the transportation, storage, and wholesale marketing of crude oil and natural gas. However, as a royalty trust, PBT does not directly engage in midstream activities; instead, it holds royalty interests that generate income from oil and gas production. The trust's classification reflects its connection to the energy industry, particularly oil and gas properties in Texas.

Permian Basin Royalty Trust is headquartered in Dallas, Texas, United States. The trust was founded in 1980, making it a long-standing entity in the energy sector. Its operations are focused on royalty interests in oil and gas properties located primarily in Texas, including the Waddell Ranch properties in Crane County and the Texas Royalty properties across 33 counties. The trust's base in Dallas places it in a major hub for the oil and gas industry, allowing it to manage its royalty portfolio effectively. Despite being founded decades ago, the trust continues to generate income from its producing acreage.

Permian Basin Royalty Trust generates revenue by holding net overriding royalty interests in oil and gas properties. It receives a percentage of the revenue from the sale of oil and gas produced from these properties, without bearing the costs of exploration, development, or operations. Specifically, the trust holds a 75% net overriding royalty interest in the Waddell Ranch properties in Crane County, Texas, and a 95% net overriding royalty interest in the Texas Royalty properties, which encompass about 125 separate royalty interests covering approximately 51,000 net producing acres across 33 Texas counties. The trust distributes the net proceeds from these royalties to its unit holders after deducting expenses.