Permian Basin Royalty Trust announced production results for the month of March, 2022. For the month, at Waddell Ranch, the company reported production for oil volumes was 167,065 (gross) and was priced at about $108.35 per bbl. Production for gas volumes (including gas liquids) was 451,967 Mcf (gross) and was priced at about $7.37 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 17,501 barrels of oil and 8,790 Mcf of gas. The production for the Trust's allocated portion of the Texas Royalties was 15,892 barrels of oil and 7,973 Mcf of gas. The average price for oil was $101.38 per bbl and for gas was $12.98 per Mcf.