Boaz Energy sells PermRock's underlying properties and 4.88M trust units to T2S Permian

PermRock Royalty Trust

Boaz Energy closed the sale of all oil and gas properties underlying the Trust to T2S Permian Acquisition II LLC on March 31, 2025.
Boaz Energy also sold its entire 4,884,861 Trust units to Ustx LLC, a wholly-owned subsidiary of the Buyer.
The underlying properties remain subject to the existing net profits interest in favor of the Trust.
Argent Trust Company, as Trustee, expects to continue administration of the Trust in the ordinary course.

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