PBT declares $0.020052/unit distribution, omits Waddell Ranch; sues Blackbeard for >$15M

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.020052/unit, payable June 14, 2024 to holders of record May 31, 2024.
Waddell Ranch proceeds omitted because operator Blackbeard refused to provide NPI calculation data; may be included in June distribution.
Trustee filed lawsuit against Blackbeard on May 8, 2024 seeking >$15M in damages for improper overhead and expense deductions from 2020-2022.
Texas Royalty Properties: oil price $78.00/bbl, gas $11.16/Mcf; net production 14,569 bbls oil and 6,865 Mcf gas.

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