Permianville Royalty Trust Announces Monthly Cash Distribution

Permianville Royalty Trust (NYSE: PVL) (the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.005135 per unit, payable on February 14, 2019 to unitholders of record on January 31, 2019. The net profits interest calculation represents partially reported oil production for the month of October 2018 and partially reported natural gas production during September 2018, both of which represent only a portion of the full underlying production for these months, as discussed below. The calculation also includes the full accrued costs incurred in November 2018. It excludes a small asset sale and new mineral lease bonus that closed in January 2019, as discussed further below.

The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current recorded net profits interest calculations.

Underlying Sales Volumes

Average Price

Oil

Natural Gas

Oil

Natural Gas

Bbls

Bbls/D

Mcf

Mcf/D

(per Bbl)

(per Mcf)

Current Month

44,803

1,445

505,182

16,839

$

54.21

$

2.48

As previously announced, Enduro Resource Partners LLC sold its interests in the oil and gas properties underlying the Trust (the “Underlying Properties”) to COERT Holdings 1 LLC (the “Sponsor”). Since last month’s distribution announcement, a number of the operators of the Underlying Properties have transitioned their production reporting to reflect the sale of the non-operated interests, but there remains some delay in reporting that the Sponsor continues to work through.