PermRock Royalty Trust is a statutory royalty trust that owns a net profits interest tied to oil and natural gas production from underlying properties. Its recurring news centers on monthly cash distributions to Trust Unit holders and the production-month data used to calculate those distributions.
Updates typically report oil and natural gas sales volumes, average received wellhead prices, cash receipts, direct operating expenses, workover and lease operating costs, severance and ad valorem taxes, capital expenditures, and information provided by T2S Permian Acquisition II LLC.
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On April 18, 2023, PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $375,777.62, approximately $0.030888 per Trust Unit, for holders of its Trust Units as of April 28, 2023. This distribution is based on production data from February 2023. Key figures include oil sales of 25,096 Bbls and natural gas sales of 33,908 Mcf, with oil prices averaging $73.41 per Bbl and natural gas at $4.23 per Mcf. However, oil cash receipts fell by $0.16 million and natural gas receipts decreased by $0.03 million compared to the previous month, attributed to lower sales volumes and prices. Operating expenses increased slightly by $0.02 million to $0.77 million, while capital expenses rose by $0.09 million, totaling $0.59 million. The Trust's financial outlook is affected by commodity price volatility and operational risks.
PermRock Royalty Trust (NYSE: PRT) has declared a monthly cash distribution of $611,451.25, equating to $0.050260 per Trust Unit, payable on April 14, 2023, for record holders as of March 31, 2023. This distribution is based primarily on production from January 2023. In January 2023, oil sales volumes decreased, leading to cash receipts of $2.00 million, down $0.35 million from the previous month. Natural gas receipts remained steady at $0.17 million. Direct operating expenses totaled $0.75 million, while capital expenses rose to $0.50 million, attributed to a project in the Permian Abo area.
PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution of $732,586.70 ($0.060217 per Trust Unit) to be paid on March 14, 2023, based on December 2022 production data. The Trust's oil cash receipts reached $2.35 million, up by $0.10 million from the previous month due to increased oil sales volumes. However, natural gas cash receipts fell to $0.17 million, down $0.01 million, attributed to lower natural gas prices. Total direct operating expenses rose to $1.13 million, reflecting a $0.26 million increase. Capital expenses decreased to $0.31 million, a reduction of $0.14 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $859,260.12 ($0.070629 per Trust Unit) for holders of Trust Units as of January 31, 2023, payable on February 14, 2023. The distribution reflects production from November 2022. Oil cash receipts totaled $2.25 million, down $0.17 million from the previous period due to lower prices and sales volumes. Natural gas receipts fell to $0.18 million, a decrease of $0.04 million. Total operating expenses increased to $0.87 million, with capital expenses rising to $0.45 million primarily due to a re-entry project.
PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution of $981,975.52 ($0.080716 per Trust Unit) for December 2022, payable on January 17, 2023. This amount is based on October 2022 production. Oil cash receipts increased to $2.42 million due to higher oil prices, while natural gas receipts decreased to $0.22 million. Total operating expenses rose to $0.77 million. Capital expenses fell to $0.34 million. The Trust's distributions rely on commodity price volatility, impacting future cash distributions.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $1,100,008.01 ($0.090418 per Trust Unit) for record holders as of November 30, 2022, payable on December 14, 2022. This amount is based on September 2022's production. Oil cash receipts totaled $2.36 million, down $0.37 million from the previous month, attributed to lower oil prices and sales volumes. Natural gas receipts were $0.30 million, down $0.01 million. Total operating expenses were $0.74 million, and capital expenses rose to $0.61 million due to a re-entry project.
PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $1,135,816.79 or $0.093361 per Trust Unit to holders as of October 31, 2022, payable on November 15, 2022. This distribution is primarily based on production from August 2022. Oil cash receipts decreased to $2.73 million due to falling prices, while natural gas receipts rose to $0.31 million due to higher sales volumes. Total direct operating expenses were $0.75 million, down $0.06 million, while capital expenses increased to $0.53 million.