Business
Permianville Royalty Trust Announces Monthly Operational Update and Final Special Cash Distribution of Net Proceeds from Permian Basin Divestiture
HOUSTON, March 17, 2025--Permianville Royalty Trust (NYSE: PVL, the "Trust") today announced the net profits interest calculation for March 2025. The net profits interest calculation represents reported oil production for the month of December 2024 and reported natural gas production during November 2024. The calculation includes accrued costs incurred in January 2025.
About this update from Permianville Royalty Trust
[{"type":"text","content":"HOUSTON, March 17, 2025--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the "Trust") today announced the net profits interest calculation for March 2025. The net profits interest calculation represents reported oil production for the month of December 2024 and reported natural gas production during November 2024. The calculation includes accrued costs incurred in January 2025.","length":398,"tagName":"p"},{"type":"text","content":"As a result of the cumulative outstanding net profits shortfall, which declined from approximately $1.4 million in the prior month to approximately $1.1 million in the current month, no distribution will be paid in April 2025 to the Trust’s unitholders of record on March 31, 2025 from the monthly net profits interest calculation. As discussed below, distributions cannot resume until the cumulative net profits shortfall is eliminated. Excluding the current shortfall, income from the net profits interest would have been approximately $0.3 million in the current month, or $0.009510 per unit.","length":595,"tagName":"p"},{"type":"text","content":"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.","length":207,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:28%;","val":[]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:1%;","val":[]},{"colspan":"7","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;","val":[{"type":"text","content":"Underlying Sales Volumes","length":24,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;text-align:center;list-style-position:inside;width:1%;","val":[]},{"colspan":"5","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;","val":[{"type":"text","content":"Average Price","length":13,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:28%;","val":[]},{"colspan":"1","rowspan":"1","st...