secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001104659-23-023280
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923023280/0001104659-23-023280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923023280/tm237174d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-023280

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer