{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-108334","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.489171+00:00","generated_at":"2026-05-31T03:21:18.943706+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Permian Basin Royalty Trust Sept distribution $0.050711/unit; operator Blackbeard refuses data, litigation escalates","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-108334","json":"https://secwatch.observer/filing/0000950170-24-108334.json","markdown":"https://secwatch.observer/filing/0000950170-24-108334.md","text":"https://secwatch.observer/filing/0000950170-24-108334.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017024108334/0000950170-24-108334-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017024108334/2024-09_permian_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:21:18.943706+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}