dividend
confidence high
sentiment negative
materiality 0.60
Permian Basin Royalty Trust declares $0.072743/unit June distribution, notes Blackbeard data refusal
PERMIAN BASIN ROYALTY TRUST
- Cash distribution of $0.072743/unit payable July 15, 2024 to holders of record June 28, 2024.
- Distribution includes $2,247,045 in May Waddell proceeds; no June Waddell data due to Blackbeard refusal.
- Texas Royalty Properties: 14,339 bbls oil at $82.22/bbl, 6,173 Mcf gas at $10.63/Mcf net to Trust.
- Trustee sues Blackbeard for >$15M in improper deductions; counterclaim filed; trial set April 21, 2025.