Permian Basin Royalty Trust Sept distribution $0.050711/unit; operator Blackbeard refuses data, litigation escalates

PERMIAN BASIN ROYALTY TRUST

Distribution of $0.050711/unit payable Oct 15 to holders of record Sep 30; down from prior month due to lower Waddell Ranch proceeds.
Operator Blackbeard refused to provide September net profits interest data; proceeds may be delayed to October distribution.
Trustee amended lawsuit seeking >$25M in damages from Blackbeard for improper overhead and expense deductions; trial set Apr 21, 2025.
Texas Royalty Properties: 18,843 bbl oil and 6,337 Mcf gas at avg $79.03/bbl oil and $10.00/Mcf gas.
Trust's litigation began May 2024; Blackbeard filed counterclaim; parties in discovery; court date set.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.