secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001104659-24-072271
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924072271/0001104659-24-072271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924072271/tm2417332d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-072271

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