DALLAS, April 20, 2020 /PRNewswire/ — Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today declared a cash distribution to the holders of its units of beneficial interest of $0.023048 per unit, payable on May 14, 2020, to unit holders of record on April 30, 2020.

This month’s distribution decreased from the previous month due primarily to a significant decline in pricing for oil, but was offset by slightly higher gas pricing for the Waddell Ranch, along with a decline in production in both oil and gas for the Waddell Ranch. The Texas Royalty Properties reflected a decrease in oil production offset by a slight increase in gas production. Also, pricing for both oil and gas for the Texas Royalty Properties both

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