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SoftVest and Blackbeard Sign Definitive Agreement for $2.2 Billion Combination of Permian Basin Royalty Trust and US Land Guild

businesswire.com July 28, 2026 at 6:07 PM ET

PBT The article announces a definitive agreement for a $2.2 billion combination involving the Permian Basin Royalty Trust. The details of the combination and its immediate impact on PBT are not elaborated upon, suggesting a neutral stance based on the information provided.