secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001193125-23-237577
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.022414/unit Sept distribution; Waddell Ranch fails to contribute
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- Distribution of $0.022414/unit payable Oct 16, 2023 to record holders Sep 29, 2023.
- Waddell Ranch properties did not contribute; high CAPEX ($12.8M gross) offset net profit.
- Texas Royalties contributed $1,077,970; oil at $72.23/bbl, gas at $3.88/Mcf.
- Cumulative deficit for Waddell Ranch widened to $(213,227).
- Trust warns future Waddell Ranch contributions uncertain if pricing and CAPEX trends continue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312523237577/0001193125-23-237577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312523237577/d492536d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-237577

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