secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000950170-25-055106
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.019615/unit distribution; no Waddell Ranch proceeds; litigation update
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- Monthly cash distribution of $0.019615 per unit, payable May 14, 2025 to holders of record April 30, 2025.
- Waddell Ranch contributed nothing; operator Blackbeard refused monthly data, and excess cost position continues.
- Texas Royalty Properties contributed $1,143,639 from 15,292 bbl oil and 8,991 Mcf gas at avg $71.97/bbl and $11.54/Mcf.
- Trust litigation seeks >$25M damages from Blackbeard for improper deductions; trial set for November 17, 2025.
- G&A expenses net of interest were $229,374; total distribution $914,265 on 46,608,796 units outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017025055106/0000950170-25-055106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017025055106/2025-04_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-055106

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