Permianville Royalty Trust Announces Monthly Cash Distribution and Filing of Annual Report on Form 10-K

Permianville Royalty Trust (NYSE: PVL)(the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.076357 per unit, payable on April 15, 2019 to unitholders of record on March 29, 2019. The net profits interest calculation represents reported oil production for the month of December 2018, reported natural gas production during November 2018, as well as receipt of certain previously delayed cash revenues held by third-party operators. The calculation includes accrued costs incurred in January 2019, as well as proceeds from the previously announced small asset sale and mineral lease bonus that closed in January 2019.

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

57,592

1,858

697,875

23,263

$

45.48

$

3.53

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”). The table above includes one-time volumes associated with recently received cash revenues that had previously been held by a number of third-party operators as they completed their reporting transition to the Sponsor. The Sponsor estimates that the volumes associated with this catch-up in reporting for the March 2019 distribution represent 28% and 48% of the current month reported production for oil and gas, respectively. The Sponsor estimates that a significant majority of the previously announced delayed cash receipts have now been accounted for, but continues to work with operators to further improve the reporting timing.