secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084842
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017024084842/0000950170-24-084842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017024084842/2024-07_pbt_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084842

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