Permianville Royalty Trust pays no Feb distribution after repaying $0.9M shortfall; oil receipts up on 8 new wells

Permianville Royalty Trust

No monthly distribution for February 2024 as remaining net profits shortfall of ~$0.9M was repaid in full.
Income from net profits interest would have been ~$1.0M excluding shortfall and prior advances.
Oil production 48,594 Bbls (1,568 Bbls/d) at $86.50/Bbl; natural gas 221,020 Mcf (7,367 Mcf/d) at $2.51/Mcf.
Oil cash receipts rose $1.5M to $4.2M, driven by eight new Permian wells turned to sales.
Sponsor expects Underlying Properties to return to positive net profits next month based on current prices.

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