Permianville Royalty Trust Announces Monthly Cash Distribution
2024年9月17日 - 5:15AM
ビジネスワイヤ(英語)
Permianville Royalty Trust (NYSE: PVL, the “Trust”) today
announced a cash distribution to the holders of its units of
beneficial interest of $0.014000 per unit, payable on October 15,
2024 to unitholders of record on September 30, 2024. The net
profits interest calculation represents reported oil production for
the month of June 2024 and reported natural gas production during
May 2024. The calculation includes accrued costs incurred in July
2024.
The following table displays reported underlying oil and natural
gas sales volumes and average received wellhead prices attributable
to the current and prior month recorded net profits interest
calculations.
Underlying Sales
Volumes
Average Price
Oil
Natural Gas
Oil
Natural Gas
Bbls
Bbls/D
Mcf
Mcf/D
(per Bbl)
(per Mcf)
Current Month
38,579
1,286
374,304
12,074
$ 77.69
$ 1.69
Prior Month
41,469
1,338
394,278
13,143
$ 79.53
$ 1.39
Recorded oil cash receipts from the oil and gas properties
underlying the Trust (the “Underlying Properties”) totaled $3.0
million for the current month on realized wellhead prices of
$77.69/Bbl, down $0.3 million from the prior month’s oil cash
receipts.
Recorded natural gas cash receipts from the Underlying
Properties totaled $0.6 million for the current month on realized
wellhead prices of $1.69/Mcf, up $0.1 million from the prior
month.
Total accrued operating expenses for the period were $2.5
million, a $0.6 million increase month-over-month. Capital
expenditures decreased $0.2 million from the prior period to $0.4
million.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed
to own a net profits interest representing the right to receive 80%
of the net profits from the sale of oil and natural gas production
from certain, predominantly non-operated, oil and gas properties in
the states of Texas, Louisiana and New Mexico. As described in the
Trust’s filings with the Securities and Exchange Commission (the
“SEC”), the amount of the periodic distributions is expected to
fluctuate, depending on the proceeds received by the Trust as a
result of actual production volumes, oil and gas prices, the amount
and timing of capital expenditures, and the Trust’s administrative
expenses, among other factors. Future distributions are expected to
be made on a monthly basis. For additional information on the
Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking
statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. All statements contained in this
press release, other than statements of historical facts, are
“forward-looking statements” for purposes of these provisions.
These forward-looking statements include the amount and date of any
anticipated distribution to unitholders. The anticipated
distribution is based, in large part, on the amount of cash
received or expected to be received by the Trust from the Sponsor
with respect to the relevant period. The amount of such cash
received or expected to be received by the Trust (and its ability
to pay distributions) has been and will continue to be directly
affected by the volatility in commodity prices, which can fluctuate
significantly as a result of a variety of factors that are beyond
the control of the Trust and the Sponsor. Low oil and natural gas
prices will reduce profits to which the Trust is entitled, which
will reduce the amount of cash available for distribution to
unitholders and in certain periods could result in no distributions
to unitholders. Other important factors that could cause actual
results to differ materially include expenses of the Trust,
reserves for anticipated future expenses, and public health
concerns, such as the COVID‑19 pandemic. In addition, future
monthly capital expenditures may exceed the average levels
experienced in 2023 and prior periods, which could reduce the
amount of cash available for distribution to unitholders and in
certain periods could result in no distributions to unitholders.
Statements made in this press release are qualified by the
cautionary statements made in this press release. Neither the
Sponsor nor the Trustee intends, and neither assumes any
obligation, to update any of the statements included in this press
release. An investment in units issued by the Trust is subject to
the risks described in the Trust’s filings with the SEC, including
the risks described in the Trust’s Annual Report on Form 10‑K for
the year ended December 31, 2023, filed with the SEC on March 22,
2024. The Trust’s quarterly and other filed reports are or will be
available over the Internet at the SEC’s website at
http://www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20240916862566/en/
Permianville Royalty Trust The Bank of New York Mellon Trust
Company, N.A., as Trustee 601 Travis Street, 16th Floor Houston,
Texas 77002 Sarah Newell 1 (512) 236-6555
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