Permian Basin Royalty Trust Common Stock (PBT)

SoftVest, L.P. (“SoftVest”), a significant unitholder of the Permian Basin Royalty Trust (NYSE: PBT) (“PBT” or “the Trust”), and Blackbeard Holdings, LLC (“Blackbeard”), today announced the execution of a definitive agreement (the “Combination Agreement”) to combine PBT and certain oil and natural gas mineral interests and land operations owned by Blackbeard and its affiliates (“US Land Guild” or “USLG”). The proposed combination is valued at approximately $2.24 billion.

Permian Basin Royalty Trust (NYSE: PBT) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.37% on the day to $12.2.

With energy the only sector with a 2022 gain, Texas Pacific Land Corporation is a price leader in a little-known slice of the overall oil-and-gas industry.