Permian Basin Royalty Trust Announces $0.029986 October Distribution, Lower Volumes and Ongoing Blackbeard Dispute

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.029986 per unit payable Nov 15, 2024 to holders of record Oct 31, 2024; includes $267,781 from September Waddell Ranch proceeds.
Distribution decreased from prior month due to lower Waddell Ranch proceeds and lower oil volumes/prices, partially offset by higher gas volumes/prices.
Operator Blackbeard refused to provide NPI data for September 2024; Trustee lawsuit seeks over $25 million in damages; trial set for April 2025.
Texas Royalty Properties contributed $1,234,959 from 16,103 bbl oil at $77.19/bbl and 7,106 Mcf gas at $10.02/Mcf.

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