Permianville Royalty Trust — fact timeline

Permianville Royalty Trust reported April 2024 results: revenue $7.8 million for the current month on realized wellhead prices of $78.32/Bbl.

“calculations. Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (per Mcf) Current Month 100,185 3,232 354,556 11,437 $ 78.32 $ 3.09 Prior Month 31,680 1,022 201,825 6,728 $ 72.37 $ 2.18 Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled”

Permianville Royalty Trust reported monthly net profits interest calculation for November 2023 results: revenue $2.8 million.

“2.33 Prior Month 33,461 1,079 222,906 7,430 $ 73.07 $ 2.02 Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.8 million for the current month on realized wellhead prices of $78.95/Bbl, up $0.4 million from the prior month’s oil cash receipts. Recorded natural gas cash receipts from the Underlying”

Permianville Royalty Trust terminated Partial Release, Reconveyance and Termination Agreement with COERT Holdings 1, LLC (effective 2023-08-09).

“̈ Item 1.01 Entry into a Material Definitive Agreement On August 9, 2023, COERT Holdings 1, LLC (the “Sponsor”) and The Bank of New York Mellon Trust Company, N.A., a national association organized under the laws of the State”

Permianville Royalty Trust shareholders approved Adjournment of Special Meeting to permit solicitation of additional proxies at the 2023-07-19 meeting.

“The final voting results with respect to Proposal 4 were as follows: For Against Abstain Broker Non-Votes 18,239,968 1,706,125 550,094 8,104 To be approved, Proposal 4 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing a majority of the outstanding Trust units. Accordingly, Proposal 4 was approved, as unitholders owning approximately 55.3% of the outstanding Trust units voted for the proposal.”

Permianville Royalty Trust shareholders rejected Amendment to Conveyance of Net Profits Interest to raise threshold requirements at the 2023-07-19 meeting.

“The final voting results with respect to Proposal 3 were as follows: For Against Abstain Broker Non-Votes 18,076,800 1,840,750 585,142 1,599 To be approved, Proposal 3 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing at least 75% of the outstanding Trust units. Accordingly, Proposal 3 was not approved, as unitholders owning only approximately 54.8% of the outstanding Trust units voted for the proposal.”

Permianville Royalty Trust shareholders rejected Amendment to Trust Agreement to raise threshold requirements for unitholder votes at the 2023-07-19 meeting.

“The final voting results with respect to Proposal 2 were as follows: For Against Abstain Broker Non-Votes 18,076,943 1,822,891 602,158 2,299 To be approved, Proposal 2 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing at least 75% of the outstanding Trust units. Accordingly, Proposal 2 was not approved, as unitholders owning only approximately 54.8% of the outstanding Trust units voted for the proposal.”

Permianville Royalty Trust shareholders approved Approval of transaction involving sale of sponsor's interests and release of net profits interest at the 2023-07-19 meeting.

“The final voting results with respect to Proposal 1 were as follows: For Against Abstain Broker Non-Votes 18,464,114 1,603,596 434,848 1,733 To be approved, Proposal 1 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing a majority of the outstanding Trust units. As of the record date, there were 33,000,000 Trust units outstanding and entitled to vote at the Special Meeting. Accordingly, Proposal 1 was approved, as unitholders owning approximately 56.0% of the outstanding Trust units voted for the proposal.”

Permianville Royalty Trust reported financial results for the current month.

“The net profits interest calculation represents reported oil production for the month of April 2023 and reported natural gas production during March 2023.”