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Permian Basin Royalty Trust (NYSE: PBT) provides investors with income through mineral interests in Texas oil fields. This page aggregates official news and regulatory filings about royalty distributions, operational updates, and legal proceedings.
Access timely reports on production volumes, audit results, and trust administration. Key updates include quarterly royalty payments, litigation developments like the Blackbeard Operating case, and annual reserve evaluations. All content is sourced from SEC filings and verified corporate communications.
Bookmark this page for structured access to:
Earnings Reports: Detailed breakdowns of net royalty income
Legal Filings: Updates on royalty payment disputes
Operational Notices: Production changes across Waddell Ranch and other properties
Refresh regularly for the trust's latest financial disclosures and material events affecting unit holders.
Permian Basin Royalty Trust (NYSE: PBT) has announced an April cash distribution of $0.019615 per unit, payable on May 14, 2025. The distribution reflects only proceeds from Texas Royalty Properties, as Waddell Ranch properties continue to show an excess cost position. Texas Royalty Properties reported production of 15,292 barrels of oil at $71.97/bbl and 8,991 Mcf of gas at $11.54/Mcf, resulting in a net contribution of $1,143,639.
Notably, Blackbeard Operating has refused to provide monthly NPI proceeds information for Waddell Ranch properties. The Trust is currently engaged in litigation against Blackbeard, seeking over $25 million in damages related to disputed overhead charges and other expenses. The trial is scheduled for November 17, 2025.
Permian Basin Royalty Trust (NYSE: PBT) has announced a cash distribution of $0.018047 per unit, payable on April 14, 2025, to unitholders of record on March 31, 2025. The distribution shows a slight increase from the previous month due to higher oil and natural gas volumes from Texas Royalty Properties, along with improved oil pricing.
The Trust reported that the Waddell Ranch properties continue to be in an excess cost position, with no proceeds included in the March distribution. Notably, Blackbeard, the operator, has refused to provide monthly NPI proceeds information, leading to ongoing litigation where the Trust seeks over $25 million in damages related to disputed overhead charges and other expenses.
For Texas Royalty Properties, production reached 14,957 barrels of oil and 9,462 Mcf of gas, with average prices of $70.81 per bbl for oil and $7.88 per Mcf for gas. After deductions, the net contribution from Texas Royalty Properties was $1,081,481 to this month's distribution.
Permian Basin Royalty Trust (NYSE: PBT) has announced a cash distribution of $0.017144 per unit, payable March 14, 2025, to unitholders of record on February 28, 2025. The distribution decreased from the previous month due to lower oil volumes and natural gas pricing in Texas Royalty Properties.
The distribution excludes proceeds from Waddell Ranch properties due to production costs exceeding gross proceeds. Notably, Blackbeard, the Waddell Ranch operator, has refused to provide monthly NPI proceeds information. The Texas Royalty Properties produced 15,307 barrels of oil at $68.37/bbl and 9,971 Mcf of gas at $8.38/Mcf.
The Trust is currently engaged in litigation against Blackbeard, seeking over $25 million in damages related to disputed overhead charges and expenses. The trial is scheduled for November 17, 2025.
Permian Basin Royalty Trust (NYSE: PBT) has announced a cash distribution of $0.020510 per unit, payable on February 14, 2025. The distribution shows a slight decrease from the previous month due to lower oil volumes and pricing in Texas Royalty Properties, partially offset by higher gas volumes.
The Waddell Ranch properties continue to be in an excess cost position, with total costs exceeding gross proceeds by $4,987,682 ($3,740,762 net to Trust) for October. The Texas Royalty Properties produced 16,839 barrels of oil and 9,283 Mcf of gas, with average prices of $67.69 per bbl and $9.56 per Mcf.
The Trust is currently engaged in litigation against Blackbeard Operating, seeking over $25 million in damages related to disputed overhead charges and expenses. The trial is scheduled for November 17, 2025.
Permian Basin Royalty Trust (NYSE: PBT) has announced a cash distribution of $0.021939 per unit, payable on January 15, 2025. The distribution shows a slight increase from the previous month due to higher oil and gas volumes from Texas Royalty Properties, despite lower prices. No proceeds were included from the Waddell Ranch properties due to excess costs of $4,987,682.
The Texas Royalty Properties produced 18,407 barrels of oil at $70.83 per bbl and 7,073 Mcf of gas at $11.05 per Mcf, generating net profits of $1,237,019. The Trust is currently engaged in litigation against Blackbeard Operating, seeking over $25 million in damages related to disputed overhead charges and expenses.
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.021733 per unit, payable on December 13, 2024. The distribution decreased from the previous month due to no proceeds from the Waddell Ranch properties and lower oil and gas volumes from Texas Royalty Properties. The Waddell Ranch properties reported excess costs of $4,987,682 ($3,740,762 net to Trust) for October. The Texas Royalty Properties produced 16,035 barrels of oil at $75.68/bbl and 6,521 Mcf of gas at $11.30/Mcf, resulting in a net contribution of $1,110,051 to this month's distribution.
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.029986 per unit, payable on November 15, 2024, to unit holders of record on October 31, 2024. The distribution includes $267,781 from September proceeds but excludes current month proceeds from Waddell Ranch properties. The decrease from the previous month is due to lower September proceeds from Waddell Ranch and reduced oil volumes and prices for Texas Royalty Properties.
For Texas Royalty Properties, production was 16,103 barrels of oil and 7,106 Mcf of gas, with average prices of $77.19 per bbl for oil and $10.02 per Mcf for gas. This resulted in a net contribution of $1,234,959 to the distribution.
The Trust is currently engaged in litigation against Blackbeard Operating, , seeking over $25 million in damages related to disputed overhead charges and other expenses. A preliminary trial date is set for April 21, 2025.
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.050711 per unit, payable on October 15, 2024, to unit holders of record on September 30, 2024. The distribution includes $934,450 from August proceeds but excludes current month proceeds from Waddell Ranch properties. The decrease from the previous month is due to lower August proceeds and changes in Texas Royalty Properties' production and pricing.
For Texas Royalty Properties, production was 20,846 barrels of oil and 7,012 Mcf of gas, with average prices of $79.03 per bbl for oil and $10.00 per Mcf for gas. This resulted in a net contribution of $1,483,671 to the distribution.
The Trust is currently engaged in litigation against Blackbeard Operating, , seeking over $25 million in damages related to disputed overhead charges and other expenses. A preliminary trial date is set for April 21, 2025.
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.051902 per unit, payable on September 16, 2024. The distribution includes $1,508,873 from Waddell Ranch properties but lacks current month proceeds. The decrease from the previous month is due to lower proceeds from Waddell Ranch and reduced gas volumes and oil prices for Texas Royalty Properties. Blackbeard Operating has refused to provide information for July 2024 NPI proceeds calculation. The Trust's litigation against Blackbeard seeks to recover over $15 million in damages from improperly deducted expenses, with a trial date set for April 21, 2025.
Permian Basin Royalty Trust (NYSE: PBT) announced a cash distribution of $0.070169 per unit, payable on August 14, 2024, to unitholders of record on July 31, 2024. The distribution includes $2,177,289 from June proceeds but excludes July proceeds from Waddell Ranch properties due to Blackbeard Operating's refusal to provide necessary information. The distribution slightly decreased from the previous month due to lower oil and gas prices and production.
The Trust's Texas Royalty Properties produced 14,033 barrels of oil and 5,905 Mcf of gas, with average prices of $80.60 per bbl for oil and $10.48 per Mcf for gas. This resulted in a net contribution of $1,134,040 to the distribution. The Trust is currently engaged in litigation against Blackbeard Operating, seeking to recover over $15 million in damages related to improperly deducted expenses.
