{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-038584","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.555656+00:00","generated_at":"2026-06-06T00:28:49.334971+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust declares $0.04546/unit distribution; sues Blackbeard for >$15M","bullets":["Cash distribution of $0.045460 per unit, payable Mar 14, 2024 to holders of record Feb 29, 2024.","Waddell Ranch: oil 252,265 bbls at $70.25, gas 861,361 Mcf at $0.93; CAPEX $9.6M gross.","Texas Royalty: oil 17,227 bbls at $73.43, gas 9,520 Mcf at $7.93; NPI contributed $1.13M.","Trust filed lawsuit against Blackbeard Operating seeking >$15M in damages for alleged royalty underpayment.","Management warns if oil/gas pricing continues or declines, Waddell Ranch may not sustain future distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-038584","json":"https://secwatch.observer/filing/0001193125-24-038584.json","markdown":"https://secwatch.observer/filing/0001193125-24-038584.md","text":"https://secwatch.observer/filing/0001193125-24-038584.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312524038584/0001193125-24-038584-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312524038584/d769016d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:28:49.334971+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}