Permrock Royalty Trust Trust · NYSE:PRT
Permrock Royalty Trust Trust — Corporate Update (May 2019)
14 slides from Permrock Royalty Trust Trust's corporate update, May 30, 2019
Slide 1: PermRock Royalty Trust Operational Update May 2019
Exhibit 99.2 PERMROCK ROYALTY TRUST (NYSE: PRT) OPERATIONAL UPDATE MAY 2019 1Exhibit 99.2 PERMROCK ROYALTY TRUST (NYSE: PRT) OPERATIONAL UPDATE MAY 2019 1
Slide 2: Notice to Investors
PermRock Royalty Trust – Operational Update NOTICE TO INVESTORS This presentation includes certain forward-looking statements and projections provided by Boaz Energy II, LLC (“Boaz Energy”), including with regard to the properties covered by the Trust’s net profits interest (the “Underlying Properti
Slide 3: PermRock – Trust Structure
PermRock Royalty Trust – Operational Update PERMROCK – TRUST STRUCTURE TRUST STRUCTURE DISTRIBUTION MECHANICS PermRock Royalty Trust is a Delaware statutory trust. Its The NPI represents the Trust’s right to receive 80% of the purpose is to own the Net Profits Interest “NPI” in the cashflow after le
Slide 4: PermRock 2018 – Summary
PermRock Royalty Trust – Operational Update PERMROCK 2018 - SUMMARY UNDERLYING PROPERTIES OPERATING AREA MAP The Underlying Properties are located in the Permian Basin of West Texas and, for discussion purposes, have been divided into four operating areas primarily based on geological similarities.
Slide 5: PermRock 2018 – Differential Discussion
PermRock Royalty Trust – Operational Update PERMROCK 2018 - DIFFERENTIAL DISCUSSION DIFFERENTIALS DISCUSSION 2018 BASIN DIFFERENTIALS What are “Basin Differentials”? Domestically, the trading benchmark for oil price is the WTI $2 price of Cushing (Oklahoma). The reference price for $0 production in
Slide 6: PermRock 2018 – Operational Discussion
PermRock Royalty Trust – Operational Update PERMROCK 2018 – OPERATIONAL DISCUSSION 2018 OPERATIONAL OVERVIEW 2018 CAPITAL BY AREA PermRock continues to invest capital in high quality $700,000 projects. In 2018, PRT reinvested $2.6 MM into the $600,000 Underlying Properties. These projects included n
Slide 7: Clearfork Asset Overview
PermRock Royalty Trust – Operational Update PERMIAN CLEAKFORK ASSET OVERVIEW 2018 UNDERLYING OIL SALES 25,000 The Permian Clearfork area consists of 2,434 net acres on the Central Basin Platform of the Permian Basin. Production 20,000 in this area first commenced in 1965. Currently, the majority of
Slide 8: Clearfork – Operational Update
PermRock Royalty Trust – Operational Update PERMIAN CLEARFORK - OPERATIONAL UPDATE Area Map DEVELOPMENTAL DRILLING Recently acquired 3D Seismic data has been reviewed and indicates additional drilling locations in the Kingdom Clearfork field. It is anticipated that one of these locations will be dri
Slide 9: Abo Asset Overview
PermRock Royalty Trust – Operational Update PERMIAN ABO ASSET OVERVIEW 2018 UNDERLYING OIL SALES 14,000 The Permian Abo area consists of 1,667 net acres on the Central Basin Platform of the Permian Basin. Production in 12,000 this area first commenced in 1970. Currently the majority of 10,000 the pr
Slide 10: Platform Asset Overview
PermRock Royalty Trust – Operational Update PERMIAN PLATFORM ASSET OVERVIEW 2018 UNDERLYING OIL SALES The Permian Platform area consists of 4,169 net acres on the 16,000 Central Basin Platform of the Permian Basin. Production in this 14,000 area first commenced in 1958. Currently the majority of the
Slide 11: Platform – Operational Overview
PermRock Royalty Trust – Operational Update PERMIAN PLATFORM – OPERATIONAL OVERVIEW ARMER FIELD 2018 DRILLING RESULTS ARMER FIELD HISTOICAL PRODUCTION CURVE 1000000 2018 Average Well Results • Location: Crane County, Texas 100000 • Type of Projects: Vertical Wolfcamp Producers • D&C Costs: $1.2 MM g
Slide 12: Platform – Operational Update
PermRock Royalty Trust – Operational Update PERMIAN PLATFORM - OPERATIONAL UPDATE Area Map DEVELOPMENT DRILLING PermRock is participating in an active drilling program in the Armer field in Crane County. This program represents a significant portion of the Trust’s CAPEX in the Permian Platform area
Slide 13: Shelf Asset Overview
PermRock Royalty Trust – Operational Update PERMIAN SHELF ASSET OVERVIEW 2018 UNDERLYING OIL SALES 16000 The Permian Shelf area consists of 14,727 net acres across 14000 the Eastern Shelf of the Permian Basin in Glasscock, 12000 Schleicher, Stonewall and Coke Counties, Texas. Production 10000 in thi
Slide 14: PermRock Royalty Trust Operational Update May 2019
PERMROCK ROYALTY TRUST (NYSE: PRT) OPERATIONAL UPDATE MAY 2019 14PERMROCK ROYALTY TRUST (NYSE: PRT) OPERATIONAL UPDATE MAY 2019 14