---
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"
generated_at: "2026-06-06T00:28:49.334971+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Permian Basin Royalty Trust declares $0.04546/unit distribution; sues Blackbeard for >$15M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-038584
- JSON: https://secwatch.observer/filing/0001193125-24-038584.json
- Plain text: https://secwatch.observer/filing/0001193125-24-038584.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.