Permianville Royalty Trust Announces Monthly Cash Distribution - Seite 2

 

257,729

 

8,591

 

$

53.11

 

$

2.01

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.7 million for the current month on realized wellhead prices of $49.11/bbl, flat from the prior month distribution period due to an increase in volumes, which offset lower realized prices.

Recorded natural gas cash receipts from the Underlying Properties totaled $0.6 million for the current month on realized wellhead prices of $1.75/mcf. Gas cash receipts represented a $0.1 million increase from the prior month, due to higher volumes that were partially offset by lower realized prices.

Total accrued operating expenses for the period were $2.4 million, a $0.1 million increase month-over-month from August 2019, due in part to higher reported production. Capital expenditures increased $0.4 million in the current month, up from $0.0 million in the prior month. The majority of the capital expenditures were associated with several new recently drilled and completed Haynesville wells operated by a large, publicly traded Haynesville operator that has been actively acquiring assets and increasing its drilling activity in the basin.

About Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.