Permianville Royalty Trust Announces Monthly Operational Update
Permianville Royalty Trust (NYSE: PVL) (the “Trust”) today announced the net profits interest calculation for April 2021. The net profits interest calculation represents reported oil production for the month of January 2021 and reported natural gas production during December 2020. The calculation includes accrued costs incurred in February 2021.
This month, excluding prior net profits interest shortfalls, income from the distributable net profits interest would have been approximately $0.4 million. As a result of the cumulative outstanding net profits shortfall of approximately $1.0 million, however, no distribution will be paid to the Trust’s unitholders of record on April 30, 2021 in May 2021. Distributions to the Trust will resume once the cumulative net profits shortfall, which continues to decrease and now totals approximately $0.6 million, is eliminated.
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The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
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Underlying Sales Volumes |
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Average Price |
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Oil |
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Natural Gas |
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Oil |
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Natural Gas |
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Bbls |
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Bbls/D |
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Mcf |
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Mcf/D |
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(per Bbl) |
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(per Mcf) |
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Current Month |
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46,413 |
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1,497 |
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278,671 |
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8,989 |