secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001193125-24-070971
Event type: earnings
Sentiment:  negative
Materiality: 0.62
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust March distribution $0.04134/unit, down 9% from Feb; corrects prior error
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- Distribution of $0.04134/unit payable Apr 12, down from $0.04546 in Feb (decrease of $0.00412/unit or 9%).
- Waddell Ranch oil 253,653 bbls at $72.45/bbl; gas 847,835 Mcf (corrected to include plant products) at $2.38/Mcf; NPI $1.1M.
- Texas Royalty oil 16,538 bbls at $71.75/bbl; gas 5,430 Mcf at $11.68/Mcf; NPI $1.06M.
- Lawsuit vs Blackbeard dismissed without prejudice on Mar 5; dispute unresolved.
- Preliminary 2024 capex budget $301M gross ($106M net); 7% incurred in Jan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312524070971/0001193125-24-070971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312524070971/d785890d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-070971

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