Core Points - Argent Trust Company declared a cash distribution of $0.015311 per unit for the Permian Basin Royalty Trust, payable on August 14, 2025, to unit holders of record on July 31, 2025 [1] - The distribution increased from the previous month due to higher natural gas volumes and improved oil and natural gas pricing, despite lower oil volumes reported [2] - The Waddell Ranch properties did not contribute to this month's distribution due to production costs exceeding gross proceeds, and the operator, Blackbeard Operating, LLC, has not provided necessary information for calculating net profits interest [3][4] Texas Royalty Properties - Production from Texas Royalty Properties was 13,896 barrels of oil and 11,503 Mcf of gas, with the Trust's allocated portion being 12,190 barrels of oil and 10,109 Mcf of gas [5] - The average price for oil was $68.37 per barrel and for gas was $11.75 per Mcf, leading to revenues of $1,085,196 after deducting taxes and expenses of $136,087, resulting in a net profit of $949,109 for July [5][6] - The Trust's net profit interest of 95% from the Texas Royalty Properties contributed $901,654 to this month's distribution [5] Waddell Ranch Issues - The Trustee has filed a lawsuit against Blackbeard for over $9 million in damages due to alleged improper calculations and deductions related to royalties owed to the Trust [10][11] - Blackbeard has been providing production, pricing, and cost information quarterly instead of monthly, affecting the Trust's ability to report timely [4][8] - The trial date for the lawsuit is set for November 17, 2025, with ongoing discovery [10] Financial Summary - General and administrative expenses for the month were $188,020, resulting in a total distribution of $713,634 to 46,608,796 units outstanding [9] - The current market conditions continue to impact pricing for domestic production, making future distributions difficult to predict [9]