secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0000950170-25-097090
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.015311/unit distribution; operator dispute continues
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- Distribution of $0.015311/unit payable Aug 14 to holders of record July 31; no Waddell Ranch proceeds included.
- Waddell Ranch remains in excess cost position; operator Blackbeard refuses to provide monthly NPI data.
- Trust litigation vs Blackbeard seeks >$9M in damages for improper cost deductions and underpaid royalties; trial set Nov 17, 2025.
- Texas Royalty Properties contributed $901,654 to distribution; oil $68.37/bbl, gas $11.75/Mcf (incl. NGLs).
- General & admin expenses net of interest $188,020; 46.6M units outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017025097090/0000950170-25-097090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017025097090/2025-07_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-097090

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