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Permian Basin Royalty Trust pays unit holders

Permian Basin Royalty Trust said Friday it would pay holders of units of beneficial interest.
/ Source: The Associated Press

Permian Basin Royalty Trust said Friday it would pay holders of units of beneficial interest.

The Dallas-based trust said it would pay $.079435 per unit, payable on Sept. 15 to all unit holders of record on Aug. 31.

The trust said the payout would be higher this month because of a rise in oil and gas prices earlier this summer.

Crude prices surged this summer, rising by $20 per barrel from May to June. Benchmark crude for October delivery rose 98 cents Friday to settle at $73.89.