Permian Basin Royalty Trust
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Increased production and development costs
- Depleting assets
- Government action to discourage oil and gas production
- Cybersecurity disruptions
- Creditworthiness of third parties
- Operational risks and hazards
- Increased concerns about climate change and environmental sustainability
- Terrorism and hostilities in the Middle East
- Limited ability to influence operations on Underlying Properties
- Potential for retroactive legislative changes affecting tax treatment
Mitigation Strategies
- Robust cybersecurity protocols
- Diversification of revenue streams (implied)
- Aggressive capital expenditure budget for future development (Waddell Ranch)
- Regular review of royalty interests for impairment
- Compliance with environmental regulations (implied)
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Droughts
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
- Reduced access to capital
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used:
Certifications:
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Increased production and development costs
- Volatility in oil and natural gas prices
- Depleting assets
- Government actions to discourage oil and gas production
- Cybersecurity disruptions
- Creditworthiness of third parties
- Operational risks and hazards
- Climate change and environmental sustainability concerns
- Terrorism and hostilities in the Middle East
- Limited influence over Underlying Properties operations
- Potential for retroactive legislative changes affecting tax treatment
Mitigation Strategies
- Aggressive capital expenditure budget to halt production decline
- Workovers and recompletion of wells
- Robust cybersecurity protocols
- Marketing oil through soliciting bids from third parties
- Cash reserves for contingencies
- Internal policies and controls for estimating reserves
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Droughts
- Extreme weather events
Transition Risks
- Government policies to reduce GHG emissions
- Restrictions on capital investment in oil and gas