Permian Basin Royalty Trust
pbt-permian.comWhat Do They Do?
Holds royalty interests in Texas oil and gas properties; its trustee collects related income and distributes it to unit holders.
10-K, filed Mar 27, 2026
Who Are Their Customers?
Purchasers buy oil and gas production from the owners of the underlying properties under existing sales contracts or future arrangements; the Trust receives the attributable royalty proceeds through its Trustee.
10-K, filed Mar 27, 2026To the extent it has the legal right to do so, the owner of the Underlying Properties is responsible for marketing the production from such…View ↗
The term “net proceeds” is used in the above described conveyance and means the excess of “gross proceeds” received by the owner of the…View ↗
The function of the Trustee is to collect the income attributable to the Royalties, to pay all expenses and charges of the Trust, and then…View ↗
How Are They Changing?
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Jul 29, 2026
SoftVest and Blackbeard propose combining Trust assets with Blackbeard operations
SoftVest and its affiliates signed a definitive agreement with Blackbeard affiliates to create New PBT; completion depends on a unitholder vote.
Sources
8-K, filed Jul 29, 2026
DALLAS, Texas, July 28, 2026 – Argent Trust Company, as trustee (“Trustee”) of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian” or…View ↗
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