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    Permian Basin Royalty Trust

    NYSE: PBT

    Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

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    Upstream · Royalty Trust

    Permian Basin Royalty Trust

    PBT

    Permian Basin Royalty Trust is a passive oil and gas trust that receives overriding royalty interests from the Waddell Ranch properties in West Texas.

    Founded
    1980
    Employees
    N/A (managed trust)
    Revenue
    $120 million (2023 distributions)
    HQ
    Dallas, TX (Houston-managed)
    Royalty InterestsPermian BasinIncome TrustPassive Energy Investment

    Permian Basin Royalty Trust is one of the oldest and most well-known oil and gas royalty trusts in the United States. The trust holds a 75% net overriding royalty interest carved out of the Waddell Ranch properties in Crane County, Texas, which are located in the prolific Permian Basin. Administered by Bank of America as trustee, PBT distributes substantially all of its monthly income to unitholders, making it a popular income-focused energy investment. The trust's revenues are directly tied to oil and gas production volumes and commodity prices.

    Headquarters

    Dallas, TX (Houston-managed)

    Founded

    1980

    Employees

    N/A (managed trust)

    Revenue

    $120 million (2023 distributions)

    CEO

    Bank of America (Trustee)

    Website

    pbt.utdallas.edu

    History of Permian Basin Royalty Trust

    Permian Basin Royalty Trust was created in 1980 by Southland Royalty Company to hold overriding royalty interests in the Waddell Ranch properties. The trust was designed to provide unitholders with monthly distributions derived from oil and gas production without the operational risks of running an E&P company. Over the decades, the trust has maintained steady production from its Permian Basin assets as the operator (currently Burlington Resources Oil & Gas, a ConocoPhillips subsidiary) continues development activities.

    Operations & Business Segments

    The trust has no employees or active operations — it is a passive entity that receives monthly royalty payments from oil and gas production on the Waddell Ranch properties. The operator drills development wells, performs workovers, and manages production. The trust's royalty interest covers approximately 14,000 net acres in the Permian Basin, one of the most productive oil-producing regions in the world.

    Headquarters Location

    Dallas, TX (Houston-managed)

    Key Specialties & Capabilities

    Royalty InterestsPermian BasinIncome TrustPassive Energy InvestmentMonthly DistributionsWest Texas Production

    Frequently Asked Questions About Permian Basin Royalty Trust

    What is Permian Basin Royalty Trust?▾
    PBT is a passive oil and gas trust that holds overriding royalty interests in the Waddell Ranch properties in the Permian Basin.
    Does Permian Basin Royalty Trust pay dividends?▾
    Yes, PBT distributes substantially all monthly income to unitholders based on production volumes and commodity prices.
    Who manages the Permian Basin Royalty Trust?▾
    Bank of America serves as trustee, and Burlington Resources Oil & Gas (a ConocoPhillips subsidiary) operates the underlying properties.
    What does Permian Basin Royalty Trust do in Houston?▾
    Permian Basin Royalty Trust is a upstream company based in Dallas, TX (Houston-managed). Permian Basin Royalty Trust is a passive oil and gas trust that receives overriding royalty interests from the Waddell Ranch properties in West Texas.
    Where is Permian Basin Royalty Trust headquartered?▾
    Permian Basin Royalty Trust is headquartered in Dallas, TX (Houston-managed), founded in 1980. The company operates in Houston's energy corridor as part of the upstream sector.

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