Permian Basin Royalty Trust declares $0.017144/unit distribution; Waddell Ranch excess costs persist

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.017144/unit, payable March 14, 2025 to holders of record Feb 28, 2025; slight decrease from prior month due to lower oil volumes and gas pricing.
No Waddell Ranch proceeds included; production costs exceeded gross proceeds in January; operator Blackbeard still not providing monthly data.
Texas Royalty Properties contributed $941,074; oil price $68.37/bbl, gas $8.38/Mcf; allocated volumes 13,469 bbls oil, 8,774 Mcf gas.
Litigation vs Blackbeard ongoing; trial set Nov 17, 2025; amended petition seeks >$25M in damages for impermissible deductions.
G&A expenses net interest $141,988; total distribution $799,086 on 46,608,796 units.

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