Permian Basin Royalty Trust declares July distribution of $0.070169/unit; operator dispute continues

PERMIAN BASIN ROYALTY TRUST

July distribution of $0.070169/unit payable Aug 14, record July 31; slight decrease from prior month.
Waddell Ranch operator Blackbeard refused NPI info for July; June proceeds of $2.18M included instead.
Texas Royalty Properties: 14,033 bbls oil at $80.60/bbl; 5,905 Mcf gas at $10.48/Mcf.
Lawsuit against Blackbeard seeks >$15M in damages; trial set Apr 21, 2025; counterclaim filed.
G&A expense net of interest $40,792; total distribution $3.27M on 46.61M units.

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