Welcome to our dedicated page for Permrock Royalty Trust news (Ticker: PRT), a resource for investors and traders seeking the latest updates and insights on Permrock Royalty Trust stock.
PermRock Royalty Trust (PRT) is a Delaware statutory trust whose public disclosures focus heavily on monthly cash distributions derived from its net profits interest in oil and natural gas production. The trust’s news flow is centered on detailed press releases that describe each distribution, the underlying production month, and the financial and operational factors that influenced the results.
Each distribution announcement typically includes tables of underlying oil and natural gas sales volumes and average received wellhead prices for the current and prior month. The trust reports oil and natural gas cash receipts from the properties underlying the trust, which are located in the Permian Basin of West Texas and owned and operated by T2S Permian Acquisition II LLC. These releases also summarize total direct operating expenses, including marketing, lease operating expenses, and workover expenses, as well as severance and ad valorem taxes and capital expenditures.
PermRock Royalty Trust’s news often explains changes in distribution amounts by referencing information provided by T2S. Examples include the impact of changes in oil and natural gas prices, shifts in sales volumes, adjustments in workover activity, and capital spending on wells operated by third parties. The trust has also issued news regarding the completion of a purchase and sale transaction in which Boaz Energy II, LLC and its affiliate sold their interests in the underlying properties to T2S, while the properties remained burdened by the trust’s net profits interest.
Investors and followers of PRT can use this news page to review a chronological record of distribution announcements, production metrics, and operator-reported expense and capital trends that affect the trust’s net profits interest and cash distributions.
PermRock Royalty Trust (NYSE: PRT) has declared a monthly cash distribution of $486,890.73 ($0.040021 per Trust Unit) for July 2024, based on May 2024 production. Key highlights include:
- Oil sales volume increased to 24,389 barrels (787 Bbls/D) from 23,159 barrels in the prior month.
- Natural gas sales volume rose to 30,833 Mcf (995 Mcf/D) from 27,916 Mcf.
- Oil price decreased to $78.30 per Bbl from $83.14 per Bbl.
- Natural gas price dropped to $1.88 per Mcf from $2.31 per Mcf.
- Oil cash receipts decreased by $0.02 million to $1.91 million.
- Total direct operating expenses increased by $0.04 million to $0.78 million.
- Capital expenses decreased by $0.10 million to $0.20 million.
Boaz Energy reserved $54,800 net to the Trust for future capital obligations and expenses.
PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $486,630.74 ($0.040000 per Trust Unit) to record holders as of June 28, 2024. The distribution, payable on July 15, 2024, is based on April's production. Oil sales volumes were 23,159 Bbls at $83.14 per Bbl, and natural gas sales were 27,916 Mcf at $2.31 per Mcf. Compared to the prior month, oil receipts decreased by $0.13 million, and natural gas receipts fell by $0.03 million. Operating expenses increased by $0.01 million to $0.74 million, while severance and ad valorem taxes rose by $0.06 million to $0.14 million. Capital expenses jumped by $0.17 million to $0.30 million due to well conversion in Texas. Boaz Energy applied $14,048 to cover future obligations.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $490,223.49 ($0.040295 per Trust Unit) to record holders as of May 31, 2024, payable on June 14, 2024. This distribution is based mainly on March 2024 production.
Oil sales volumes increased to 26,162 barrels, while natural gas sales volumes rose to 28,443 Mcf. The average received prices were $78.88 per barrel for oil and $3.00 per Mcf for natural gas.
Oil cash receipts totaled $2.06 million, up by $0.33 million from the prior month, while natural gas receipts were stable at $0.09 million. Operating expenses decreased slightly to $0.73 million, and severance and ad valorem taxes declined to $0.09 million due to tax reimbursements. Capital expenses dropped to $0.13 million, driven by fewer capital projects. Boaz Energy reserved $184,000 for future capital obligations and expenses.
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