---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-084842"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:18:21.269921+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-084842
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2024-07-19T23:59:59+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/319654/000095017024084842/0000950170-24-084842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000095017024084842/2024-07_pbt_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-084842
- JSON: https://secwatch.observer/filing/0000950170-24-084842.json
- Plain text: https://secwatch.observer/filing/0000950170-24-084842.txt

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