secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001104659-23-119520
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permianville Royalty Trust reports ~$1.2M net profits shortfall; no December distribution
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- No monthly distribution payable in Dec 2023 to unitholders of record Nov 30, 2023 due to shortfall.
- Capital expenditures surged $1.9M to $2.0M, primarily from drilling projects on underlying properties.
- Oil sales volumes 36,086 Bbls at $78.95/Bbl; natural gas 227,059 Mcf at $2.33/Mcf.
- Cumulative shortfall will be deducted from future net profits until eliminated.
- Sponsor expects underlying properties to return to positive net profits by early 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923119520/0001104659-23-119520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923119520/tm2330989d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-119520

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