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Permian Basin ( (PBT) ) just unveiled an announcement.
On December 26, 2025, SoftVest, L.P., a Delaware limited partnership specializing in ownership of oil and gas minerals and holder of about 13.3% of Permian Basin Royalty Trust units, filed an Original Petition for Modification of Trust in the District Court of Tarrant County, Texas, seeking to change how the Trust’s Indenture can be amended. SoftVest is asking the court to eliminate the requirement that certain amendments be approved by 75% of outstanding units and to replace existing restrictions on amendments with a framework that allows any provision of the Indenture to be amended by a majority in interest of unitholders present at a quorate meeting, a move that could significantly lower the threshold for governance changes at the Trust. The petition argues that the current cost-burdened royalty structure on the Waddell Ranch interests has become untenable in light of modern drilling and fracking practices, which have driven up production costs and created periods of excess cost deficits in which the Trust receives no revenue while unitholders effectively bear substantial economic risk and interest charges; if granted, the requested modifications could make it easier for investors to overhaul that structure and reshape the Trust’s economics and governance to better align with today’s operating realities.
More about Permian Basin
Permian Basin Royalty Trust is a Texas-based oil and gas royalty trust that holds net overriding royalty interests in producing properties primarily in the Permian Basin, including a 75% net overriding royalty in the Waddell Ranch in Crane County and a 95% net overriding royalty in other Texas properties. Units of beneficial interest in the Trust trade on the New York Stock Exchange under the symbol PBT, and distributions to unitholders are heavily influenced by production volumes, oil and gas prices, and the structure of production cost recovery embedded in the royalty conveyances.
Average Trading Volume: 91,964
Technical Sentiment Signal: Buy
Current Market Cap: $799.3M
Learn more about PBT stock on TipRanks’ Stock Analysis page.