PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
1. PBT declared a cash distribution of $0.015311 per unit. 2. Waddell Ranch properties contributed no proceeds due to high production costs. 3. Texas Royalty Properties showed increased natural gas volumes and higher pricing. 4. Trustee continues litigation against Blackbeard for unpaid royalties exceeding $9 million. 5. Market conditions remain uncertain, impacting future distributions.