secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001104659-24-128905
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permianville Royalty Trust skips January 2025 distribution on $1.9M shortfall
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- Capital expenditures surged $3.2M to $3.4M from non-operated drilling by super-majors and large private E&P.
- Oil cash receipts $2.6M ($70.14/bbl) vs $3.1M prior month; gas receipts flat at $0.7M ($1.60/Mcf).
- Sponsor released $1.0M cash reserve, reducing shortfall to ~$0.9M; cumulative shortfall will reduce future net profits.
- Oil production 37,649 Bbls (1,255 Bbls/d); natural gas 412,711 Mcf (13,313 Mcf/d) for the reporting months.
- Trust expects positive net profits in 2025 based on current commodity prices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924128905/0001104659-24-128905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465924128905/tm2431192d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-128905

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