Welcome to our dedicated page for Permianville Royalty Trust news (Ticker: PVL), a resource for investors and traders seeking the latest updates and insights on Permianville Royalty Trust stock.
Permianville Royalty Trust (PVL) is a statutory trust that holds net profits interests in the proceeds from the sale of oil and natural gas. The trust focuses on assets located primarily in the States of Texas, Louisiana, and New Mexico, including both conventional properties and unconventional assets in the Permian and Haynesville basins.
Permianville Royalty Trust is structured to provide investors with a share of the profits from oil and gas production without the operational responsibilities. Its core business revolves around managing and distributing these profits to the trust's unit holders. The trust receives revenues based on the net profits from the production and sale of oil and gas from its properties.
In recent years, Permianville Royalty Trust has focused on enhancing its portfolio through strategic leasing and development of its assets. This has enabled the trust to maintain steady cash flows, which are crucial for its distribution payments to unit holders. The trust's financial condition remains stable, supported by its diversified asset base and prudent management practices.
Permianville Royalty Trust partners with several operators who manage the production processes. This partnership approach allows the trust to benefit from the expertise and efficiency of experienced operators while focusing on maximizing returns for its unit holders.
Currently, the trust is involved in projects that aim to optimize production processes and explore potential new reserves within its asset base. These efforts are geared towards ensuring long-term sustainability and profitability.
Overall, Permianville Royalty Trust offers a reliable investment opportunity for those seeking exposure to the oil and gas sector without the complexities of direct operational involvement.
Permianville Royalty Trust (NYSE: PVL) announced no monthly distribution will be paid in January 2025 due to a net profits shortfall of approximately $1.9 million in December 2024. The shortfall was reduced to $0.9 million after the Sponsor released a $1.0 million cash reserve.
The Trust reported oil sales of 37,649 barrels at $70.14/Bbl (down from 40,886 barrels at $75.88/Bbl) and natural gas sales of 412,711 Mcf at $1.60/Mcf (up from 384,143 Mcf at $1.78/Mcf). Oil cash receipts decreased by $0.5 million to $2.6 million, while natural gas receipts remained at $0.7 million.
Capital expenditures increased by $3.2 million to $3.4 million, driven by drilling activities in Permian and Haynesville wells. The Sponsor expects the Underlying Properties to return to generating positive net profits in 2025.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.010500 per unit, payable on December 13, 2024. The distribution reflects August 2024 oil production and July 2024 natural gas production. Oil sales volumes decreased to 40,886 barrels from 52,287 barrels, with prices dropping to $75.88/Bbl from $79.43/Bbl. Natural gas volumes declined to 384,143 Mcf from 1,105,204 Mcf, with prices falling to $1.78/Mcf from $2.44/Mcf. Operating expenses decreased by $1.2 million to $2.3 million, while capital expenditures dropped by $1.7 million to $0.2 million. The Sponsor is withholding $0.5 million for future development expenses.
Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.015000 per unit, payable on November 15, 2024 to unitholders of record on October 31, 2024. The distribution is based on reported oil production for July 2024 and natural gas production for June 2024, including accrued costs from August 2024.
Key highlights:
- Oil sales volume: 52,287 Bbls (1,687 Bbls/D)
- Natural gas sales volume: 1,105,204 Mcf (36,840 Mcf/D)
- Average oil price: $79.43 per Bbl
- Average natural gas price: $2.44 per Mcf
- Total oil cash receipts: $4.2 million
- Total natural gas cash receipts: $2.7 million
The increase in production and revenues is partly attributed to new wells in the Permian and Haynesville regions. Operating expenses totaled $3.5 million, and capital expenditures were $1.9 million. The Sponsor has withheld $0.5 million to establish a cash reserve for future development expenses.
Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.014000 per unit to unitholders, payable on October 15, 2024. This distribution is based on reported oil production for June 2024 and natural gas production for May 2024, including accrued costs from July 2024. The Trust's underlying properties recorded oil cash receipts of $3.0 million at an average price of $77.69/Bbl, down $0.3 million from the previous month. Natural gas cash receipts totaled $0.6 million at $1.69/Mcf, up $0.1 million. Total accrued operating expenses increased by $0.6 million to $2.5 million, while capital expenditures decreased by $0.2 million to $0.4 million.
Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.035000 per unit, payable on September 16, 2024, to unitholders of record on August 30, 2024. The distribution is based on reported oil production for May 2024 and natural gas production for April 2024, including accrued costs from June 2024.
Key points:
- Oil cash receipts: $3.3 million (down $4.6 million from prior month)
- Natural gas cash receipts: $0.5 million (down $0.9 million from prior month)
- Total accrued operating expenses: $1.8 million (decreased $1.4 million month-over-month)
- Capital expenditures: $0.6 million (increased $0.2 million from prior period)
The decrease in production and receipts is largely due to the prior month's inclusion of new Permian wells with production and revenues from previous periods.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.011000 per unit, payable on August 14, 2024 to unitholders of record on July 31, 2024. The distribution reflects April 2024 oil production and March 2024 natural gas production. After recouping a $3.3 million shortfall and repaying $0.7 million in administrative expenses, the net profits interest income was $0.4 million.
Oil cash receipts increased by $4.5 million to $7.9 million, with realized wellhead prices of $80.84/Bbl. Natural gas cash receipts rose by $0.4 million to $1.4 million, with prices at $1.46/Mcf. The increase was largely due to the inclusion of 15 new Permian wells. Operating expenses totaled $3.2 million, while capital expenditures decreased to $0.4 million.
Permianville Royalty Trust (NYSE: PVL) announced its net profits interest calculation for June 2024, covering oil production from March 2024 and natural gas production from February 2024. The outstanding net profits shortfall reduced from $3.9 million to $3.3 million. Due to this shortfall, no distribution will be paid to unitholders in July 2024. Excluding the shortfall, the income would have been $0.6 million, or $0.01772 per unit. Oil production increased to 43,568 Bbls at an average price of $77.57 per Bbl, while natural gas production surged to 599,059 Mcf at $1.66 per Mcf. The total revenue from oil and gas was $4.4 million, with a $2.8 million operating expense and $0.9 million in capital expenditures. The Trust anticipates generating positive net profits later in 2024.
Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for May 2024, reflecting oil production from February 2024 and natural gas production from January 2024. Despite a decline in the cumulative net profits shortfall from $4.5 million to $3.9 million, no distribution will be paid in June 2024. The income from net profits interest would have been $0.6 million if not for the shortfall. The current month's oil and gas cash receipts totaled $2.9 million and $0.6 million respectively, both showing significant declines from the prior month due to prior periods' production inclusion. Operating expenses were $2.3 million, with a $0.6 million decrease, and capital expenditures dropped $8.1 million to $0.4 million. The Trust anticipates returning to positive net profits later in 2024 based on current commodity prices.
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