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Permian Basin ( (PBT) ) has shared an update.
On May 27, 2025, Permian Basin Royalty Trust announced that its trustee, Argent Trust Company, filed a Second Amended Petition against Blackbeard Operating, LLC. The Trust seeks to recover over $9 million in damages, alleging that Blackbeard failed to properly calculate and pay royalties from April 2020 to December 2023, including impermissible deductions and failure to report all production volumes. A trial is scheduled for November 17, 2025, with ongoing discovery and audits.
More about Permian Basin
Permian Basin Royalty Trust operates in the energy sector, focusing on the management of royalty interests in oil and gas properties. The Trust primarily holds a 75% net overriding royalty interest in the Waddell Ranch properties located in Crane County, Texas.
Average Trading Volume: 113,597
Technical Sentiment Signal: Hold
Current Market Cap: $524.3M
Learn more about PBT stock on TipRanks’ Stock Analysis page.