Permianville Royalty Trust Announces Monthly Cash Distribution - Seite 2

344,106

 

 

11,100

 

 

$

49.62

 

 

$

1.70

Prior Month

 

 

54,239

 

 

1,750

 

 

268,941

 

 

8,675

 

 

$

57.21

 

 

$

2.06

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.5 million for the current month on realized wellhead prices of $49.62/Bbl, down $0.6 million from the prior month distribution period, which primarily is due to 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 $1.70/Mcf. Natural gas volumes increased due to the first production from three new drilled wells in the Haynesville, which are operated by a large, public Haynesville-focused company, but the increased production was offset by lower realized prices.

Total accrued operating expenses for the period were $2.2 million, a $0.1 million increase month-over-month from February 2020. Capital expenditures remained constant at $0.2 million from the prior month.

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.