secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001193125-26-117074
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Permian Basin Royalty Trust Announces March Distribution of $0.010662 per Unit and SoftVest Petition to Modify Indenture
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- Distribution of $0.010662 per unit payable April 14, 2026 to unitholders of record March 31, 2026.
- No proceeds from Waddell Ranch properties due to excess costs; total production costs exceeded gross proceeds for February.
- Texas Royalty Properties produced 15,009 bbls oil and 9,793 Mcf gas; average oil price $56.56/bbl and gas $6.02/Mcf.
- SoftVest filed a petition to amend the trust indenture, seeking to lower amendment approval threshold from 75% to majority; hearing set for May 8, 2026.
- Distribution decreased from prior month due to lower oil volumes and pricing, partially offset by higher natural gas pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526117074/0001193125-26-117074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526117074/2026-03_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-117074

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