PBT — Trust Litigation Trial Date
Nov 17, 2025, 2:30:00 PM UTC
Summary
The trial date for the lawsuit against Blackbeard Operating, LLC is set for November 17, 2025, at 8:30 a.m. Central Time in Tarrant County, Texas. The lawsuit seeks to recover over $25 million in damages related to alleged improper deductions from royalty payments to the Permian Basin Royalty Trust. Discovery is ongoing, including audits and expert analyses, as the Trustee aims to resolve disputes over overhead costs and other expenses.
Company
PERMIAN BASIN ROYALTY TRUST (PBT)NYSE — Energy: Finance Insurance And Real Estate, Oil & Gas Midstream: Oil Royalty Traders
www.pbt-permian.comSimilar Events
Cash Distribution Declaration
Permian Basin Royalty Trust declared a cash distribution of $0.018841 per unit, payable on June 13, 2025, to unit holders of record on May 30, 2025. This distribution reflects the Trust's performance amid fluctuating oil and gas prices and ongoing litigation regarding production costs from the Waddell Ranch properties. The distribution amount has decreased compared to the previous month due to lower oil volumes and pricing.
dividendSettlement Hearing for Derivative Actions
A court hearing to determine the fairness and adequacy of the proposed settlement of derivative actions against 22nd Century Group, scheduled for July 16, 2025.
legal proceedingQ3 2025 Legal Decision Expected
A decision related to the Wild Basin litigation is anticipated in Q3 2025, following the conclusion of the bench trial in Q1 2025. This litigation may impact Phunware's operational strategies and financial outlook, as it involves significant legal expenses incurred during the trial.
legal proceedingCash Distribution Declaration
Permian Basin Royalty Trust declared a cash distribution of $0.019615 per unit, payable on May 14, 2025, to unit holders of record on April 30, 2025.
dividend