dividend
confidence high
sentiment neutral
materiality 0.60
Permianville Royalty Trust Announces Monthly Cash Distribution of $0.0125 per Unit
Permianville Royalty Trust
- Monthly cash distribution of $0.012500 per unit payable on July 14, 2023 to unitholders of record on June 30, 2023.
- Underlying oil sales volumes: 38,120 Bbls at $71.94/Bbl; natural gas: 195,616 Mcf at $2.85/Mcf.
- Total accrued operating expenses were $2.5 million, up $0.1 million from the prior period.
- Three wells converted to first revenues with a catch-up of $3.7 million ($2.9M net to Trust) to be included next month.
- Sponsor sold $0.3 million in non-producing acreage free of net profits interest; proceeds in next month's calculation.