Permian Basin Royalty Trust Declares December Distribution of $0.021939/Unit; Waddell Ranch in Excess Cost

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.021939 per unit payable Jan 15, 2025 to holders of record Dec 31, 2024.
No proceeds from Waddell Ranch properties; excess costs $4,987,682 ($3,740,762 net to Trust) for October.
Operator Blackbeard refused information for December; litigation trial set Nov 17, 2025.
Texas Royalty Properties contributed $1,175,168 from 16,432 bbl oil and 6,315 Mcf gas at $70.83/bbl and $11.05/Mcf.
Trustee amended petition Sept 2024 seeking over $25 million damages from Blackbeard for improper expense deductions.

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