Permian Basin Royalty Trust declares monthly distribution of 15.7171c 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 15.7171c per unit, payable on December 14, 2023, to unit holders of record on November 30, 2023. This month’s distribution increased from the previous month due to an increase in oil and gas pricing for the period along with a decrease in CAPEX that contributed to the NPI distribution from Blackbeard Operating on the Waddell Ranch Properties for the month of September.