---
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"
generated_at: "2026-05-29T00:39:10.471157+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: dividend
- sentiment: neutral
- 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/319654/000095017024138819/0000950170-24-138819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000095017024138819/2024-12_permian_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-138819
- JSON: https://secwatch.observer/filing/0000950170-24-138819.json
- Plain text: https://secwatch.observer/filing/0000950170-24-138819.txt

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