Welcome to our dedicated page for Permian Basin news (Ticker: PBT), a resource for investors and traders seeking the latest updates and insights on Permian Basin stock.
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.
Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), filed a lawsuit against Blackbeard Operating, for allegedly deducting over $15 million in impermissible expenses from royalty payments. The Trust seeks to recover damages resulting from unauthorized overhead costs and expenses. Despite unsuccessful attempts to resolve the issue outside of court, the Trust is pursuing legal action to address the discrepancies.
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