PermRock Royalty Trust declares $0.090702 monthly distribution for May 2022 production

PermRock Royalty Trust

Cash distribution of $1,103,463.10 ($0.090702/unit) payable Aug 12, 2022 to holders of record July 29, 2022.
May 2022 oil sales: 31,118 Bbls at $106.85/Bbl; natural gas: 33,285 Mcf at $8.42/Mcf.
Oil cash receipts rose $0.27M to $3.32M vs prior month; natural gas receipts flat at $0.28M.
Direct operating expenses $0.79M (down $0.16M); capex $0.51M (down $0.38M) primarily for drilling and recompletions.
Boaz Energy reserved $432,000 net to the Trust for future capital obligations and expenses.

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