---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-115939"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:36:45.209472+00:00"
event_type: "dividend"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-115939
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: dividend
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000095017024115939/0000950170-24-115939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000095017024115939/2024-10_permian_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-115939
- JSON: https://secwatch.observer/filing/0000950170-24-115939.json
- Plain text: https://secwatch.observer/filing/0000950170-24-115939.txt

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