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 $0.02655 per unit, payable on March 14, 2019 to unitholders of record on February 28, 2019. The net profits interest calculation represents reported oil production for the month of November 2018 and reported natural gas production during October 2018, both of which represent a majority of the full underlying production for these months, as discussed below. The calculation also includes accrued costs incurred in December 2018.

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

50,352

1,678

304,870

9,835

$

49.22

$

2.77

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, one of the larger operators of the Underlying Properties completed its production reporting transition to reflect the sale of the non-operated interests. A large majority of the operators have now completed the transition; however, a lag remains in some of the prior cash held in suspense, which the Sponsor expects will be fully resolved sometime in the first half of 2019.