Permianville Royalty Trust Announces Monthly Operational Update - Seite 2

11,437

 

$

78.32

 

$

3.09

Prior Month

 

31,680

 

1,022

 

201,825

 

6,728

 

$

72.37

 

$

2.18

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $7.8 million for the current month on realized wellhead prices of $78.32/Bbl, up $5.5 million from the prior month’s oil cash receipts. Oil production and oil cash receipts increased materially month-over-month partly because of the inclusion of 15 new Permian wells that have now either turned to sales or for which title work has been completed, thereby allowing production and revenues attributable to prior periods to be released by the operators of the Underlying Properties.

Recorded natural gas cash receipts from the Underlying Properties totaled $1.1 million for the current month on realized wellhead prices of $3.09/Mcf, up $0.7 million from the prior month. The increase in natural gas production and cash receipts month-over-month was due in part to the 15 new Permian wells discussed above that featured production and revenues attributable to prior periods.

Total accrued operating expenses for the period were $2.9 million, a $0.4 million increase month-over-month, due in part to the increase in reported production. Capital expenditures increased $6.6 million from the prior period to $8.5 million. COERT Holdings 1, LLC (the “Sponsor”) has indicated to the Trustee that this month’s capital expenditures were primarily from 18 new drilling projects, 15 of which were listed in the Capex Drilling Activity Update table presented in the Trust’s Annual Report on Form 10-K filed on March 22, 2024, with the remaining three representing new projects undertaken by an existing, large cap public operator of the Underlying Properties that were not previously scheduled.