secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001193125-25-284183
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Trust declares $0.019233/unit distribution, no Waddell proceeds; special meeting on Dec 16
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- Cash distribution of $0.019233/unit payable Dec 12, 2025 to holders of record Nov 28, 2025.
- No Waddell Ranch proceeds included; excess cost position continues as production costs exceeded gross proceeds.
- Texas Royalty Properties contributed $925,270; oil avg $63.38/bbl, gas avg $7.10/Mcf (incl. NGL).
- Special Meeting called by SoftVest set for Dec 16, 2025 to vote on indenture amendment proposal.
- Distribution decreased due to lower gas volumes and lower oil/gas prices, partially offset by higher oil volumes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312525284183/0001193125-25-284183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312525284183/2025-11_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-284183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer