other material
confidence high
sentiment positive
materiality 0.60
Permianville Trust declares $0.0535/unit monthly distribution; special meeting July 19 for property sale
Permianville Royalty Trust
- Cash distribution of $0.053500 per unit, payable Aug 14, 2023 to holders of record July 31, 2023.
- Oil volume 64,721 Bbls at $86.52/Bbl; gas 604,148 Mcf at $2.75/Mcf; oil cash receipts $5.6M, up $2.9M MoM.
- Cash revenue catch-up of ~$3.7M from three delayed wells, ~$2.9M net to Trust, included in current calculation.
- Sponsor sold $0.3M non-producing acreage free of net profits interest; proceeds included in current calculation.
- Special unitholder meeting July 19, 2023 to vote on sale of Divestiture Properties and related proposals.