---
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"
generated_at: "2026-05-31T03:21:18.943706+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-108334
- JSON: https://secwatch.observer/filing/0000950170-24-108334.json
- Plain text: https://secwatch.observer/filing/0000950170-24-108334.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.