Permianville Royalty Trust reports no July 2024 distribution; shortfall drops to $3.3M

Permianville Royalty Trust

Cumulative net profits shortfall declined from ~$3.9M to ~$3.3M; no distribution will be paid in July 2024 to unitholders.
Excluding shortfall, income would have been ~$0.6M or $0.01772 per unit.
Reported oil volumes 43,568 Bbls (1,405 Bbls/D) at $77.57/Bbl; gas volumes 599,059 Mcf (20,657 Mcf/D) at $1.66/Mcf.
Five new Haynesville wells boosted gas production; total accrued operating expenses $2.8M, capex $0.9M.
Sponsor anticipates Underlying Properties will return to positive net profits later in 2024 based on current commodity prices.

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