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 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.
PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution of $1,217,916.85 (or $0.100110 per Trust Unit) to be paid on July 15, 2022, based on April 2022 production. Oil sales decreased to $3.05 million due to lower prices and sales volumes, while natural gas receipts grew to $0.28 million from increased volumes. Total operating expenses rose to $0.95 million, alongside capital expenditures of $0.89 million, attributed to well recompletion in Crane County, Texas.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $1,229,733.76 (or $0.101081 per Trust Unit) to record holders as of May 31, 2022, payable on June 14, 2022. This distribution is based on production data from March 2022.
Notable increases in cash receipts were reported: $3.36 million for oil and $0.26 million for natural gas, driven by improved sales volumes and prices. Operating expenses fell to $0.74 million.
PermRock Royalty Trust (NYSE: PRT) announced that at a special meeting on May 4, 2022, unitholders voted to approve key proposals. These included the appointment of Argent Trust Company as successor trustee, to take over once Simmons Bank resigns. The resignation's effective date hinges on fulfilling certain conditions, including necessary approvals from other trusts and potential court validation. The Trust emphasized that forward-looking statements in the release may differ materially due to unanticipated events or conditions.
PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $756,626.31 (or $0.062193 per Trust Unit) for record holders as of April 29, 2022, payable on May 13, 2022. This distribution is based on production from February 2022. Oil cash receipts increased to $2.52 million, while natural gas cash receipts rose to $0.24 million. Total direct operating expenses totaled $0.89 million, with capital expenditures at $0.94 million. The Trust maintains a 80% net profits interest from oil and gas production properties in Texas.
PermRock Royalty Trust (NYSE: PRT) announced the adjournment of its Special Meeting, originally scheduled for April 5, 2022, to May 4, 2022, to gather more proxy votes for the appointment of Argent Trust Company as the successor trustee. The meeting will take place at 1:00 p.m. Central Time in Fort Worth, Texas. The proxy materials sent to unitholders on February 11, 2022, remain unchanged, and the record date for voting is February 4, 2022. Unitholders who have not yet voted are encouraged to do so.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $863,622.84 ($0.070988 per Trust Unit) to be paid on April 14, 2022. This distribution reflects production from January 2022. Oil cash receipts increased to $2.30 million due to higher oil prices, despite a drop in sales volumes. Natural gas receipts fell to $0.20 million as both sales volumes and prices declined. Total operating expenses rose to $0.76 million and capital expenditures increased to $0.59 million. These changes highlight the ongoing market volatility affecting the Trust's financial performance.
On February 17, 2022, PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $804,658.60 ($0.066141 per Trust Unit) to record holders as of February 28, 2022, payable on March 14, 2022. The distribution is based on the Trust's production in December 2021. Oil cash receipts were $2.19 million, reflecting a $0.21 million decline from the previous month, driven by lower oil prices and sales volumes. Natural gas receipts totaled $0.25 million, down $0.04 million. Total operating expenses decreased to $0.71 million.
PermRock Royalty Trust (NYSE: PRT) announced a cash distribution of $858,608.63 or $0.070575 per Trust Unit, payable on February 14, 2022. The distribution is based on November 2021 production. Oil cash receipts decreased by $0.01 million to $2.40 million, attributed to lower oil prices, while natural gas receipts rose by $0.03 million to $0.29 million, due to increased sales volumes. Total expenses increased by $0.13 million to $0.87 million, while capital expenditures fell to $0.39 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $849,894.20 or $0.069859 per Trust Unit, payable on January 14, 2022. This distribution is based on October 2021 production levels. Notable figures include oil cash receipts of $2.41 million and natural gas cash receipts of $0.26 million, both increasing from the previous month. Operating expenses rose by $0.19 million to $0.74 million, with capital expenditures up by $0.16 million. The distribution reflects rising commodity prices and sales volumes.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $760,847.69 ($0.062540 per Trust Unit) to be paid on December 14, 2021, based on September 2021 production. Oil cash receipts totaled $2.03 million, down $0.01 million due to decreased sales volumes. In contrast, natural gas receipts rose to $0.24 million, an increase of $0.01 million attributed to higher prices. Total operating expenses were $0.55 million, down $0.05 million from the previous month, while capital expenditures decreased to $0.30 million, reflecting reduced drilling activity.