PermRock Royalty Trust announces Boaz Energy's sale of underlying properties and units to T2S Permian Acquisition II LLC

PermRock Royalty Trust

Boaz Energy II, LLC entered a Purchase and Sale Agreement on January 10, 2025, to sell its interests in the Underlying Properties and 4,884,861 Trust units to T2S Permian Acquisition II LLC.
The Underlying Properties will remain burdened by the Trust's net profits interest after the sale.
Closing is anticipated in March 2025, subject to customary conditions; after closing, Buyer will become operator.
Argent Trust Company will continue administration of the Trust in the ordinary course.

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