Permian Basin Trust declares $0.0519/unit distribution; Blackbeard withholds data, litigation ongoing

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.051902/unit to holders of record Aug 30, payable Sept 16, 2024; down from prior month.
Blackbeard refused to provide Waddell Ranch NPI data; July proceeds of $1.51M included in Aug distribution.
Texas Royalty Properties: 14,513 bbl oil at $77.62/bbl, 5,101 Mcf gas at $11.27/Mcf (incl. NGL).
Trustee sues Blackbeard for >$15M in improper deductions; counterclaim filed; trial set Apr 21, 2025.

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