PBT Profile
Permian Basin Royalty Trust, headquartered in Dallas, Texas, operates as an express trust that holds overriding royalty interests in a diversified portfolio of oil and gas properties across the United States. Established in 1980, the trust's primary assets include significant stakes in both the Waddell Ranch and Texas Royalty properties.
The trust maintains a substantial 75% net overriding royalty interest in the Waddell Ranch properties, which encompass a cluster of fields in Crane County, Texas. These fields, including Dune, Judkins, McKnight, Tubb, Devonian, and Waddell, are equipped with 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells, as of December 31, 2021.
Additionally, Permian Basin Royalty Trust holds a commanding 95% net overriding royalty in the Texas Royalty properties. These properties span 33 counties within Texas and feature a diverse array of productive oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, and Seminole, among others. The Texas Royalty properties collectively cover approximately 51,000 net producing acres, highlighting the trust's broad geographical footprint and substantial reserve potential.
The trust leverages its extensive experience and strategic positioning in the energy sector to generate consistent income streams through royalties. It continues to uphold its commitment to delivering value to its unit holders by focusing on prudent management practices and maximizing returns from its extensive portfolio of oil and gas assets.
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