Permian Basin Royalty Trust (PBT)

Permian Basin Royalty Trust is a common stock listing on the NYSE tied to a trust that holds royalty interests in U.S. oil and gas properties. The trust’s asset base includes a 75% net overriding royalty interest in the Waddell Ranch properties in Crane County, Texas, covering fields such as Dune, Sand Hills, University-Waddell, and Waddell. It also holds a 95% net overriding royalty interest in Texas Royalty properties, which include fields such as Yates, Wasson, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, and Seminole, among others. These interests span 33 Texas counties and include roughly 125 separate royalty interests across approximately 51,000 net-producing acres. The trust was founded in 1980 and is based in Dallas, Texas.

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