Permianville Royalty Trust announces $0.0192/unit distribution; $0.9M capex reserve release

Permianville Royalty Trust

Cash distribution of $0.019200 per unit payable March 13, 2023 to record holders Feb 28, 2023.
Oil sales: 38,056 bbls at $80.01/bbl; natural gas: 217,262 Mcf at $5.19/Mcf.
Total accrued operating expenses $2.4M, up $0.4M from prior period; capital expenditures $1.9M, up $1.7M.
Sponsor released $0.9M from capex reserve to partially fund capex; remaining reserve $0.1M.
Capex increase driven by 10 newly drilled wells in Midland Basin and Delaware Basin.

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