secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0000950170-24-074090
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.072743/unit June distribution, notes Blackbeard data refusal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017024074090/0000950170-24-074090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017024074090/2024-06_pbt_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-074090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer