Permian Basin distribution slips to $0.063

|About: Permian Basin Royalty Trust (PBT)|By:, SA News Editor

Permian Basin Royalty Trust (PBT -1.8%) declares a monthly distribution of $0.063305 per unit payable Dec. 13 to holders of record on Nov. 29, with lower production of both oil and gas combined with increased capex responsible for the cut from last month's $0.099509.

Oil production of 26,747 barrels compares to 42,893 last month, and gas prodcution of 40,319 Mcf compares to 92,793.