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    Home » SoftVest, Blackbeard Holdings suggest mixture with Permian Basin Royalty Trust (PBT:NYSE) | Invesloan.com
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    SoftVest, Blackbeard Holdings suggest mixture with Permian Basin Royalty Trust (PBT:NYSE) | Invesloan.com

    May 19, 2026
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    Oil field site, in the evening, oil pumps are running, The oil pump and the beautiful sunset reflected in the water

    zhengzaishuru/iStock via Getty Images

    Permian Basin Royalty Trust (PBT) unitholder SoftVest and Blackbeard Holdings said late Monday that they have entered into a preliminary non-binding term sheet proposing a business combination of PBT and certain Blackbeard assets to form a new Texas-incorporated, NYSE-listed company.

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