secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001104659-24-005222
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924005222/0001104659-24-005222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924005222/tm243632d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005222

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