PERMIAN BASIN ROYALTY TRUST ANNOUNCES RECEIPT OF THE WADDELL RANCH PROPERTIES PROCEEDS
Permian Basin Royalty Trust (PBT)
US:NYSE Investor Relations:
pbt-permian.com/financial_statements.php
Company Research
Source: PR Newswire
DALLAS, June 3, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") announces that proceeds for the Waddell Ranch Properties in the amount of $2,247,045 were received on May 31, 2024. These proceeds will be included in the June 2024 distribution calculation, together with proceeds from the Texas Royalty Properties, which will be announced on Monday, June 17, 2024.Contrary to historical practice, Blackbeard Operating, LLC ("Blackbeard"), the operator of the Waddell Ranch Properties, did not provide the Trustee with any supporting documentation regarding production or pricing of the oil or natural gas products, or any information on any deductions from gross proceeds or capital expenditures with the funds transmitted to the Trust.Trust Litigation. On May 8, 2024, the Trustee announced that it had initiated a lawsuit by filing a petition in the District Court of Tarrant County, Texas against Blackbeard, the opera
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News
- PERMIAN BASIN ROYALTY TRUST ANNOUNCES JUNE CASH DISTRIBUTION [Yahoo! Finance]Yahoo! Finance
- PERMIAN BASIN ROYALTY TRUST ANNOUNCES JUNE CASH DISTRIBUTIONPR Newswire
- PERMIAN BASIN ROYALTY TRUST ANNOUNCES MAY CASH DISTRIBUTION; WITH THE OMISSION OF WADDELL RANCH PROPERTIES PROCEEDSPR Newswire
- PERMIAN BASIN ROYALTY TRUST ANNOUNCES LAWSUIT AGAINST BLACKBEARD OPERATING, LLCPR Newswire
- PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTIONPR Newswire
PBT
Sec Filings
- 6/17/24 - Form 8-K
- 6/4/24 - Form 8-K
- 5/20/24 - Form 8-K
- PBT's page on the SEC website