{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-138819","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.698385+00:00","generated_at":"2026-05-29T00:39:10.471157+00:00","sec_items":["2.02","9.01"],"event_type":"dividend","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Permian Basin Royalty Trust Declares December Distribution of $0.021939/Unit; Waddell Ranch in Excess Cost","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-138819","json":"https://secwatch.observer/filing/0000950170-24-138819.json","markdown":"https://secwatch.observer/filing/0000950170-24-138819.md","text":"https://secwatch.observer/filing/0000950170-24-138819.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000095017024138819/0000950170-24-138819-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000095017024138819/2024-12_permian_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-29T00:39:10.471157+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"}