PERMIAN BASIN ROYALTY TRUST (NYSE:PBT) Files An 8-K Results of Operations and Financial Condition

Item2.02.

On March21, 2017, the Registrant issued a press release
announcing its monthly cash distribution to unitholders of record
on March31, 2017. The press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.

This Report on Form 8-K is being furnished to Item 2.02, Results
of Operations and Financial Condition. The information furnished
is not deemed filed for purposes of Section18 of the Securities
Exchange Act of 1934, as amended, is not subject to the
liabilities of that section and is not deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended.

About PERMIAN BASIN ROYALTY TRUST (NYSE:PBT)

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company’s Waddell Ranch Properties have mineral interests in the Waddell Ranch in approximately 78,715 gross (34,205 net) producing acres. The Company’s Waddell Ranch properties are operated by Burlington Resources Oil & Gas Company LP (BROG). Its Texas Royalty properties consist of royalty interests in producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others located in approximately 30 counties across Texas. Its Texas Royalty properties consist of approximately 125 separate royalty interests containing approximately 303,000 gross (approximately 51,000 net) producing acres.

PERMIAN BASIN ROYALTY TRUST (NYSE:PBT) Recent Trading Information

PERMIAN BASIN ROYALTY TRUST (NYSE:PBT) closed its last trading session down -0.23 at 8.97 with 141,199 shares trading hands.