Permian Basin Royalty Trust settles litigation for $9 million payment
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PERMIAN BASIN ROYALTY TRUST ANNOUNCES SETTLEMENT OF BLACKBEARD LITIGATION
August 19, 2025 4:15 PM EDTDALLAS, Aug. 19, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today announced that it has reached a settlement agreement in connection with its litigation against Blackbeard Operating, LLC ("Blackbeard"), the operator of properties in the Waddell Ranch, in... More
