PERMIAN BASIN ROYALTY TRUST ANNOUNCES SETTLEMENT OF BLACKBEARD LITIGATION
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 againstBlackbeard Operating, LLC (“Blackbeard”), the operator of properties in the Waddell Ranch, in Crane County, Texas, in which the Trust holds a 75% net overriding […]