This morning I added shares of Permian Basin Royalty Trust, which is a new position for me. Based on last month's payout, the yield is a meager 5%; which is terrible for a depleting asset. However, I bought into the trust with the expectation that oil prices will be higher in the future. The trust is mostly a waterflooder, and there will be additional reserves whenever the trust decides to transition to CO2-flooding, so I believe there is a lot more than seventeen years worth of reserves (as pointed out in the SEC filings).
There are better yields out there, but this buy is for the long term. I wanted more exposure to the Permian Basin and this is my new favored way of doing so.