{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-062500","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.542121+00:00","generated_at":"2026-06-01T13:28:32.069898+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PBT declares $0.020052/unit distribution, omits Waddell Ranch; sues Blackbeard for >$15M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-062500","json":"https://secwatch.observer/filing/0000950170-24-062500.json","markdown":"https://secwatch.observer/filing/0000950170-24-062500.md","text":"https://secwatch.observer/filing/0000950170-24-062500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017024062500/0000950170-24-062500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017024062500/2024-05_pbt_8-k_template.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T13:28:32.069898+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}