Permian Basin Royalty Trust (PBT +2.3%) declares a monthly distribution of $0.099509 payable on November 15 to holders of record on October 31.
The payout is a shade lower than last month's $0.106268 payment thanks to increased capex and lease operating expenses on the Waddell Ranch Properties. Production and pricing for both oil and gas increased.
About seven 2013 workover wells were completed during August. Capex summed to $2.626M vs. $2.14M in July.