Permianville Royalty Trust (PVL) is a Delaware statutory trust that holds an 80% net profits interest in oil and natural gas production from certain, predominantly non-operated properties in Texas, Louisiana and New Mexico. The PVL news feed highlights how monthly net profits from these Underlying Properties translate into cash distributions or net profits shortfalls for unitholders.
News updates commonly cover the Trust’s monthly cash distribution announcements, including the per-unit distribution amount, record date and payment date when a distribution is declared. Press releases also explain the underlying oil and natural gas sales volumes, average received wellhead prices, and recorded cash receipts from the Underlying Properties that feed into each month’s net profits interest calculation.
In addition, PVL news often details accrued operating expenses, capital expenditures and any cash reserves established for approved, future development expenses, such as drilling and completion of Haynesville wells on the Underlying Properties. These disclosures help readers understand why distributions can fluctuate from month to month and why, in some periods, no distribution is paid due to net profits shortfalls or the need to repay advances for prior administrative expenses.
Investors following PVL news can see how changes in production volumes, commodity prices, development spending and reserve decisions affect the Trust’s net profits and distribution capacity. Regularly reviewing these updates provides context on the performance of the Underlying Properties and the financial dynamics of the Trust’s royalty structure. Users interested in PVL can use the filing record to document the Trust’s monthly operational updates, distribution announcements and related commentary from the Sponsor and trustee.
Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.023000 per unit, scheduled for February 14, 2022. This distribution relates to oil production from October 2021 and natural gas production from September 2021, including costs incurred in November 2021. Total cash receipts for oil reached $3.2 million and for natural gas $0.9 million. Operating expenses rose to $2.6 million, alongside capital expenditures increasing to $0.5 million due to new drilling projects.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.025000 per unit, payable on January 14, 2022, to unitholders of record on December 31, 2021. The distribution is based on oil production for September 2021 and natural gas production for August 2021. Recorded oil cash receipts totaled $2.8 million with an average price of $68.90/Bbl, while natural gas cash receipts were $1.1 million at $3.78/Mcf. Operating expenses increased to $2.5 million, and capital expenditures rose to $0.2 million.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.033500 per unit, payable on December 15, 2021. The calculation reflects August oil production and July natural gas production, including September costs and a small lease bonus from July. Current oil cash receipts reached $2.9 million at $67.71/Bbl, up $0.3 million from the previous month, while natural gas receipts totaled $0.9 million at $3.62/Mcf. Total accrued operating expenses increased to $2.4 million.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.027000 per unit, payable on November 15, 2021, to unitholders of record on October 29, 2021. This distribution reflects reported oil production for July 2021 and natural gas production for June 2021. Recorded oil cash receipts totaled $2.6 million with realized prices at $70.27 per Bbl, a decrease from the prior period, while natural gas receipts were $0.9 million at $2.92 per Mcf, slightly up. Total operating expenses for the period were $2.2 million, down $0.1 million from last month.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.021000 per unit, payable on October 15, 2021, to unitholders of record on September 30, 2021. The distribution is based on reported oil production from June 2021 and natural gas production from May 2021. The Trust recorded oil cash receipts of $2.7 million for the current month at an average price of $71.39/Bbl and natural gas cash receipts of $0.8 million at $2.83/Mcf. Total operating expenses increased to $2.3 million, while capital expenditures decreased to $0.3 million.
Permianville Royalty Trust (NYSE: PVL) declared a cash distribution of $0.013000 per unit, payable on September 15, 2021. The distribution is based on oil and natural gas production from May and April 2021, respectively. The Trust reported approximately $0.5 million in income from distributable net profits. Recorded oil cash receipts amounted to $2.3 million at an average price of $64.46/Bbl, while natural gas receipts were $0.8 million at $2.55/Mcf. Operating expenses stayed at $2.1 million and capital expenditures rose to $0.4 million.
Permianville Royalty Trust (NYSE: PVL) reported a net profits interest calculation for July 2021, revealing an income of approximately $0.7 million, which will not be distributed to unitholders due to prior administrative advances totaling $0.7 million. Distributions will resume after these advances are repaid. Oil cash receipts increased to $2.7 million at an average price of $59.37 per barrel, while natural gas receipts remained steady at $0.7 million. Total accrued operating expenses were $2.1 million, with a slight increase from the previous month.
Permianville Royalty Trust (NYSE: PVL) reported that for June 2021, there will be no distribution to unitholders due to a cumulative outstanding net profits shortfall of approximately $0.5 million and prior advances totaling $0.7 million. Current month cash receipts from oil totaled $2.2 million, with an increase attributed to the resumption of production after winter storm Uri. Natural gas receipts remained stable at $0.7 million. Operating expenses were $2.0 million, down by $0.1 million from the previous month. The Trust anticipates future distributions post-repayment of administrative advances.
Permianville Royalty Trust (NYSE: PVL) reported no distribution to unitholders in June 2021 due to a cumulative net profits shortfall of approximately $0.5 million. The estimated income from distributable net profits would have been around $0.1 million, but earlier shortfalls have prevented payments. Current month oil production totaled 31,013 Bbls, and cash receipts decreased to $1.8 million, attributed to temporary well shut-ins from winter storm Uri. Natural gas receipts remained stable at $0.7 million, while total accrued operating expenses were $2.1 million.
Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for April 2021, reflecting oil production from January 2021 and natural gas production from December 2020. The distributable income before shortfalls was approximately $0.4 million; however, due to a cumulative shortfall of $1.0 million, no distribution will occur for May 2021. Cash receipts for oil reached $2.4 million with prices at $51.22 per barrel, an increase from the previous month. Natural gas receipts also increased to $0.7 million. The cumulative shortfall is now $0.6 million, which the Trust aims to eliminate before resuming distributions.