secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000950170-24-138819
Event type: dividend
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017024138819/0000950170-24-138819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017024138819/2024-12_permian_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-138819

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