secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0000950170-24-098915
Event type: dividend
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017024098915/0000950170-24-098915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017024098915/2024-08_pbt_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-098915

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