---
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"
generated_at: "2026-06-01T13:28:32.069898+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-062500
- JSON: https://secwatch.observer/filing/0000950170-24-062500.json
- Plain text: https://secwatch.observer/filing/0000950170-24-062500.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.