Permian Basin Royalty Trust is a trust that holds overriding royalty interests in various oil and gas properties located in the Permian Basin.
Permian Basin Royalty Trust, established as an express trust, specializes in holding overriding royalty interests in numerous oil and gas properties across the United States. The trust's primary assets include a substantial 75% net overriding royalty interest in the Waddell Ranch properties, encompassing prominent fields such as Dune, Judkins, McKnight, Tubb, Devonian, and Waddell, all situated within Crane County, Texas. As of December 31, 2021, these properties boasted a total of 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells.
In addition to its holdings in the Waddell Ranch properties, Permian Basin Royalty Trust also maintains a noteworthy 95% net overriding royalty in the Texas Royalty properties. These properties span across various productive oil fields spread across 33 counties in Texas, including the renowned Yates, Wasson, Sand Hills, East Texas, and others. The Texas Royalty properties comprise approximately 125 separate royalty interests, covering an extensive land area totaling about 51,000 net producing acres.
Founded in 1980 and headquartered in Dallas, Texas, Permian Basin Royalty Trust remains dedicated to maximizing returns for its unit holders through its strategic focus on acquiring and managing overriding royalty interests in lucrative oil and gas assets. With a rich history rooted in the energy sector, the trust continues to play a pivotal role in the exploration, development, and production of hydrocarbons across key regions in the United States.