Permian Basin Royalty Trust announced production results for the month of October, 2022. For the month, at Waddell Ranch, the company reported production for oil volumes was 213,936 (gross) and was priced at about $85.44 per bbl. Production for gas volumes (including gas liquids) was 728,401 Mcf (gross) and was priced at about $3.90 per Mcf, which now includes the value received from plant products and natural gas liquids.

Production for the underlying properties at the Texas Royalties was 18,261 barrels of oil and 8,274 Mcf of gas. The production for the Trust's allocated portion of the Texas Royalties was 16,455 barrels of oil and 7,448 Mcf of gas. The average price for oil was $84.99 per bbl and for gas was $8.79 which includes significant NGL pricing per Mcf.