Permian Basin Royalty Trust (PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.106268 per unit, payable on October 15, 2013, to unit holders of record on September 30, 2013.
"Approximately seven 2013 workover wells were completed in the month of July". Production from those 7 workover wells will be included in the next distribution. It will probably be north of $0.11
Juicy payout! Back to cash cow status.
Very good production numbers as well, the capex is starting to pay off. Highest oil volume in over a year.
Nice call... Those that predicted 10cents