secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2026-08-21T17:48:58+00:00
Accession:  0001193125-26-360716
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust declares $0.018701/unit August distribution; Waddell Ranch excess costs continue
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- August distribution of $0.018701/unit payable Sept 15, 2026 to holders of record Aug 31, 2026; total $871,663.17.
- No Waddell Ranch proceeds included; production costs exceeded gross proceeds for July, continuing excess cost position.
- Texas Royalty Properties contributed $1,325,455 net to Trust; oil 14,405 bbls at $93.10/bbl, gas 5,581 Mcf at $9.55/Mcf.
- July distribution included $1,125,000 settlement payment from Blackbeard Operating LLC; current month lower due to that and lower gas volumes/pricing.
- SoftVest and Blackbeard Holdings propose business combination into New PBT; S-4 and S-1 filed; special meeting to be called.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312526360716/0001193125-26-360716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312526360716/2026-08_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-360716

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