Permian Basin Royalty Trust

Permian Basin Royalty Trust holds royalty interests in oil and gas properties in the United States. It holds a 75% net overriding royalty interest in the Waddell Ranch properties in Crane County, Texas, and a 95% net overriding royalty interest in the Texas Royalty properties across 33 Texas counties. The Texas Royalty properties consist of approximately 125 separate royalty interests covering about 51,000 net producing acres. The company was founded in 1980 and is based in Dallas, Texas.