Permian Basin Royalty Trust

Business Description

Permian Basin Royalty Trust is a Dallas-based company established in 1980 that earns income from royalty interests tied to oil and gas production across Texas. It holds a 75% net overriding royalty interest in the Waddell Ranch properties in Crane County, along with a 95% net overriding royalty interest spread across roughly 125 separate royalty interests covering approximately 51,000 net-producing acres in 33 Texas counties. These assets span a wide range of well-known producing fields throughout the state.