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Permianville Royalty Trust - PVL STOCK NEWS

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.

News

Permianville Royalty Trust Announces Monthly Operational Update

Rhea-AI Summary
Permianville Royalty Trust (PVL) announces no distribution for April 2024 due to a $1.4 million shortfall in net profits. The cumulative shortfall now totals approximately $2.6 million. The Trust's net profits interest calculation includes reported oil and gas production data for December 2023 and November 2023 respectively. The Trust incurred elevated capital expenditures this month, leading to expenses exceeding cash receipts. Recorded oil and gas sales volumes, wellhead prices, and operating expenses are detailed in the announcement.
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Permianville Royalty Trust Announces Monthly Operational Update

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Permianville Royalty Trust (PVL) announces no monthly distribution for March 2024 due to $1.25 million shortfall from capital expenditures exceeding cash receipts. Oil and gas sales volumes, prices, and cash receipts declined month-over-month, with total accrued operating expenses at $2.8 million and capital expenditures increasing to $2.0 million.
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Permianville Royalty Trust Announces Monthly Operational Update

Rhea-AI Summary
Permianville Royalty Trust (PVL) announced the net profits interest calculation for January 2024, revealing a repayment in full of the remaining outstanding net profits shortfall of approximately $0.9 million. This led to no cash available for distribution after the payment of Trust expenses and withholding of Trust reserves, resulting in no monthly distribution for February 2024. Excluding the net profits interest shortfall, income from the net profits interest in the current month would have been approximately $1.0 million. The reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations were also disclosed. Recorded oil cash receipts from the oil and gas properties underlying the Trust totaled $4.2 million for the current month, showing an increase driven by the receipt of revenues from new Permian wells turned to sales. Total accrued operating expenses for the period increased month-over-month, while capital expenditures remained consistent with the prior period. The cumulative shortfall in net profits has now been repaid, and the Sponsor anticipates positive net profits from the Underlying Properties next month.
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Permianville Royalty Trust Announces Monthly Operational Update

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Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for December 2023, revealing a decline in cumulative outstanding net profits shortfall and no distribution for January 2024. The reported oil and natural gas production, wellhead prices, and financial data were also disclosed.
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Permianville Royalty Trust Announces Monthly Operational Update

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Permianville Royalty Trust (PVL) announced the net profits interest calculation for November 2023, revealing a shortfall of $1.2 million, leading to no monthly distribution in December 2023. The recorded oil and natural gas sales volumes and average received wellhead prices were also disclosed, with a significant increase in capital expenditures. The Trust anticipates a return to positive net profits by early 2024.
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Permianville Royalty Trust Announces Second Special Cash Distribution of Net Proceeds from Permian Basin Divestiture

Rhea-AI Summary
Permianville Royalty Trust (NYSE: PVL) announces a special cash distribution of $0.077250 per unit to unitholders. The distribution represents the majority of the net proceeds from the divestiture of certain oil and natural gas properties in the Permian Basin. The total net proceeds from the sale of the Divestiture Properties amount to $6,712,000, with $5,098,281 allocated to the Trust's 80% interest. The remaining cash available for distribution is $2,549,171, resulting in a special cash distribution per unit of $0.077250.
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Permianville Royalty Trust Announces Monthly Cash Distribution

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Permianville Royalty Trust announces cash distribution and provides production and sales volume updates
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Permianville Royalty Trust Announces Special Cash Distribution of Net Proceeds from Permian Basin Divestiture

Rhea-AI Summary
Permianville Royalty Trust announces special cash distribution of $0.069670 per unit from divestiture of oil and gas properties in the Permian Basin. Net proceeds allocable to Trust unitholders is $5,098,281. Transaction expenses totaled $627,149. 50% of net proceeds to be temporarily retained for post-closing adjustments. Escrow amount of $250,000 held for indemnification obligations.
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Permianville Royalty Trust Announces Monthly Cash Distribution

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Permianville Royalty Trust announces cash distribution of $0.003700 per unit on October 13, 2023. Oil cash receipts decrease by $0.9 million due to timing of cash receipts. Natural gas cash receipts increase by $0.2 million. Total accrued operating expenses decrease by $0.4 million.
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Permianville Royalty Trust Announces Monthly Cash Distribution

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Permianville Royalty Trust announces cash distribution of $0.009 per unit. Reported oil and gas sales volumes and cash receipts decrease compared to prior month due to delayed revenue conversion.
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FAQ

What is the current stock price of Permianville Royalty Trust (PVL)?

The current stock price of Permianville Royalty Trust (PVL) is $1.38 as of December 20, 2024.

What is the market cap of Permianville Royalty Trust (PVL)?

The market cap of Permianville Royalty Trust (PVL) is approximately 47.9M.

What does Permianville Royalty Trust do?

Permianville Royalty Trust holds net profits interests in the proceeds from the sale of oil and natural gas from properties in Texas, Louisiana, and New Mexico.

Where are the trust's assets located?

The trust's assets are located primarily in Texas, Louisiana, and New Mexico, including the Permian and Haynesville basins.

How does Permianville Royalty Trust generate revenue?

The trust generates revenue from its net profits interests in the sale of oil and gas produced from its conventional and unconventional properties.

What is the financial condition of Permianville Royalty Trust?

The trust maintains a stable financial condition supported by a diversified asset base and prudent management practices.

Who operates the trust's production processes?

The trust partners with several experienced operators who manage the production processes of its oil and gas assets.

What are the main areas of focus for the trust's projects?

The trust focuses on optimizing production processes and exploring potential new reserves within its asset base to ensure long-term sustainability.

How does the trust distribute profits to unit holders?

The trust distributes its net profits from oil and gas sales to unit holders, providing them with a share of the revenues.

What types of assets does the trust hold?

The trust holds both conventional properties and unconventional assets, including those in the Permian and Haynesville basins.

How does investing in Permianville Royalty Trust benefit investors?

Investors benefit by receiving a share of the profits from oil and gas production without the complexities of direct operational involvement.

What recent achievements has the trust made?

The trust has enhanced its portfolio through strategic leasing and development, maintaining steady cash flows and reliable distributions to unit holders.

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Permianville Royalty Trust

NYSE:PVL

PVL Rankings

#4893 Ranked by Market Cap
N/A Ranked by Dividends

PVL Stock Data

47.85M
23.91M
27.53%
3.81%
0.37%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
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