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 $181,440.02 ($0.014914 per Trust Unit) for record holders as of December 31, 2020, payable on January 15, 2021. This distribution is primarily based on October 2020 production. Oil cash receipts rose to $1.31 million, marking an increase of $0.09 million due to higher sales volumes, while natural gas receipts decreased to $0.09 million, down $0.02 million. Total direct operating expenses were $0.55 million, reflecting a slight decrease, while capital expenditures increased to $0.40 million.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $247,982.07 or $0.020383 per Trust Unit to be paid on December 14, 2020. This distribution is primarily based on oil and natural gas production for September 2020. Oil cash receipts decreased to $1.22 million, down $0.19 million due to lower sales volumes and prices. Natural gas receipts remained steady at $0.11 million. Total operating expenses rose to $0.56 million, reflecting a $0.06 million increase, while capital expenditures decreased to $0.21 million.
PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $164,082.52 or $0.013487 per Trust Unit, based on August 2020 production. The distribution is payable on November 16, 2020, to record holders on October 30, 2020. Oil cash receipts totaled $1.41 million, reflecting a minor decrease of $0.02 million, while natural gas receipts rose to $0.11 million, up by $0.03 million. Total operating expenses decreased to $0.50 million. Capital expenditures increased to $0.34 million, with a portion reserved for future obligations.
PermRock Royalty Trust (NYSE:PRT) announced a cash distribution of $0.010000 per trust unit for record holders as of September 30, 2020, to be paid on October 15, 2020. The net profits calculation was based on production from July 2020, totaling $121,657, with $75,626 allocated for administrative expenses. Oil cash receipts increased to $1.43 million, up $0.04 million month-over-month, while natural gas receipts rose to $0.08 million, a $0.02 million increase. Total operating expenses were $0.69 million, reflecting an increase of $0.05 million.
PermRock Royalty Trust (NYSE: PRT) announced no cash distribution for Trust Unit holders for August 31, 2020. The decision reflects a net profit income of $45,428 intended for administrative expenses. Oil sales increased to $1.39 million as production resumed after previous shutdowns, while natural gas sales reached $0.06 million. Operational expenses rose to $0.64 million. Capital expenditures totaled $0.05 million, with funds reserved to cover future obligations. Market volatility and ongoing low commodity prices pose risks for future distributions.
PermRock Royalty Trust (NYSE:PRT) has announced that there will be no cash distribution to unit holders for June 30, 2020. This decision stems from the net profits calculation based on April 2020 production, yielding only $79,552.27 for administrative expenses. Oil cash receipts fell by $0.68 million to $0.59 million due to decreased sales volumes and prices. Natural gas receipts showed minimal change. Capital expenditures remained steady at $0.19 million, primarily related to ongoing drilling operations. The Trust continues to manage its financial obligations and reserves.