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) 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.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $650,270.27 ($0.053450 per Trust Unit) for record holders as of October 29, 2021, payable on November 15, 2021. This amount is based on oil and natural gas production for August 2021. The current month's oil sales volume totaled 30,722 Bbls while natural gas volume was 38,924 Mcf. Oil cash receipts decreased by $0.07 million to $2.04 million, while natural gas receipts rose by $0.04 million to $0.23 million.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $609,618.80 for September 2021, amounting to $0.050109 per Trust Unit, payable on October 15, 2021. This amount is primarily based on production from July 2021. Oil cash receipts were $2.11 million, slightly down by $0.03 million from the previous month, attributed to a decrease in sales volumes. In contrast, natural gas receipts rose to $0.19 million due to increased prices and sales volume. Total operating expenses increased to $0.70 million. Capital expenditures rose to $0.53 million, mainly for drilling operations.
PermRock Royalty Trust (NYSE:PRT) has announced a monthly cash distribution of $756,619.34 ($0.062192 per Trust Unit) for record holders as of August 31, 2021, payable on September 15, 2021. This distribution reflects production from June 2021. Key figures include oil sales of $2.14 million, up $0.04 million from the previous month. Natural gas cash receipts remained stable at $0.15 million. Total direct operating expenses decreased to $0.49 million, and capital expenditures remained constant at $0.47 million.
PermRock Royalty Trust (NYSE: PRT) announced a monthly cash distribution of $735,116.19 ($0.060425 per Trust Unit) to be paid on August 13, 2021, based on May 2021 production. Oil cash receipts rose to $2.10 million, a $0.14 million increase from the prior month, due to higher prices and sales volumes. However, natural gas receipts fell to $0.15 million, down $0.03 million, attributed to lower prices and volumes. Total operating expenses decreased slightly to $0.56 million, while capital expenditures also declined to $0.47 million.
PermRock Royalty Trust (NYSE:PRT) declared a monthly cash distribution of $738,342.39 ($0.060690 per Trust Unit) to its holders for June 30, 2021, payable on July 14, 2021. The distribution reflects lower oil cash receipts of $1.96 million, down by $0.13 million due to decreased oil prices and shorter production periods. Meanwhile, natural gas cash receipts increased slightly to $0.18 million. Total operating expenses were $0.58 million, a decrease of $0.14 million. Capital expenditures rose to $0.57 million due to drilling activities in Crane County.
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