Welcome to our dedicated page for Permrock Royalty Trust news (Ticker: PRT), a resource for investors and traders seeking the latest updates and insights on Permrock Royalty Trust stock.
PermRock Royalty Trust (PRT) provides investors with oil and natural gas production income through its 80% net profits interest in Permian Basin operations. This page aggregates official announcements, financial disclosures, and operational updates critical for evaluating the trust's performance.
Access quarterly distribution details, production reports, and regulatory filings in one centralized location. Content spans reserve updates, expense adjustments, and strategic developments affecting net profits calculations. Investors benefit from transparent tracking of commodity price impacts and distribution mechanics.
All materials adhere to statutory trust reporting standards, ensuring reliability for financial decision-making. Bookmark this page for timely updates on PRT's oil receipts, operating cost trends, and unitholder distributions. Verify critical dates and review historical announcements through our organized archive.
PermRock Royalty Trust (NYSE:PRT) has declared a monthly cash distribution of $488,593.20 ($0.040161 per Trust Unit) for August 2024, based on June 2024 production. Oil sales volumes decreased from 24,389 Bbls to 22,761 Bbls, with average prices dropping from $78.30 to $76.91 per Bbl. Natural gas sales volumes slightly decreased, but prices increased from $1.88 to $2.09 per Mcf.
Oil cash receipts declined by $0.16 million, while natural gas receipts remained stable. Total direct operating expenses decreased by $0.10 million, and capital expenses increased by $0.04 million, primarily due to fracking a well in Crane County, Texas. Boaz Energy applied $156,000 net to the Trust from previously reserved funds for future capital obligations and expenses.
PermRock Royalty Trust (NYSE: PRT) has declared a monthly cash distribution of $486,890.73 ($0.040021 per Trust Unit) for July 2024, based on May 2024 production. Key highlights include:
- Oil sales volume increased to 24,389 barrels (787 Bbls/D) from 23,159 barrels in the prior month.
- Natural gas sales volume rose to 30,833 Mcf (995 Mcf/D) from 27,916 Mcf.
- Oil price decreased to $78.30 per Bbl from $83.14 per Bbl.
- Natural gas price dropped to $1.88 per Mcf from $2.31 per Mcf.
- Oil cash receipts decreased by $0.02 million to $1.91 million.
- Total direct operating expenses increased by $0.04 million to $0.78 million.
- Capital expenses decreased by $0.10 million to $0.20 million.
Boaz Energy reserved $54,800 net to the Trust for future capital obligations and expenses.
PermRock Royalty Trust (NYSE: PRT) declared a monthly cash distribution of $486,630.74 ($0.040000 per Trust Unit) to record holders as of June 28, 2024. The distribution, payable on July 15, 2024, is based on April's production. Oil sales volumes were 23,159 Bbls at $83.14 per Bbl, and natural gas sales were 27,916 Mcf at $2.31 per Mcf. Compared to the prior month, oil receipts decreased by $0.13 million, and natural gas receipts fell by $0.03 million. Operating expenses increased by $0.01 million to $0.74 million, while severance and ad valorem taxes rose by $0.06 million to $0.14 million. Capital expenses jumped by $0.17 million to $0.30 million due to well conversion in Texas. Boaz Energy applied $14,048 to cover future obligations.
PermRock Royalty Trust (NYSE:PRT) announced a monthly cash distribution of $490,223.49 ($0.040295 per Trust Unit) to record holders as of May 31, 2024, payable on June 14, 2024. This distribution is based mainly on March 2024 production.
Oil sales volumes increased to 26,162 barrels, while natural gas sales volumes rose to 28,443 Mcf. The average received prices were $78.88 per barrel for oil and $3.00 per Mcf for natural gas.
Oil cash receipts totaled $2.06 million, up by $0.33 million from the prior month, while natural gas receipts were stable at $0.09 million. Operating expenses decreased slightly to $0.73 million, and severance and ad valorem taxes declined to $0.09 million due to tax reimbursements. Capital expenses dropped to $0.13 million, driven by fewer capital projects. Boaz Energy reserved $184,000 for future capital obligations and expenses.
