Permianville Royalty Trust - PVL STOCK NEWS

Permianville Royalty Trust (NYSE: PVL) unitholders approved the sale of certain oil and natural gas properties in the Permian Basin, with the net proceeds to be distributed to unitholders. The sale was approved, but proposed amendments to the Trust Agreement and Conveyance of Net Profits Interest did not receive enough votes. The closing of the sale is expected before August 31, 2023, with a special distribution to follow within 45 days.

Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.053500 per unit, payable on August 14, 2023. The net profits interest calculation includes reported oil production for April 2023 and reported natural gas production for March 2023. Recorded oil cash receipts for the current month totaled $5.6 million, up $2.9 million from the prior month. Recorded natural gas cash receipts totaled $1.7 million, up $1.1 million from the prior month. Total accrued operating expenses for the period were $2.9 million, up $0.4 million from the prior period. Capital expenditures increased $2.1 million from the prior period to $2.2 million.

Permianville Royalty Trust (NYSE: PVL) has declared a cash distribution of $0.030000 per unit, set for payment on May 12, 2023, to unitholders of record by April 28, 2023. This distribution is based on reported oil production for January 2023 and natural gas production for December 2022, along with accrued costs from February 2023.

Current month oil cash receipts reached $2.9 million on average prices of $75.01/Bbl, showing a rise from the previous month. Natural gas cash receipts remained steady at $0.9 million with average prices at $4.71/Mcf. Total operating expenses were $2.2 million, unchanged from prior periods.

Permianville Royalty Trust (NYSE: PVL) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC on March 23, 2023. The report, which includes audited financial statements, is accessible on the Trust's website and the SEC's portal. Unitholders can request a printed copy of the report free of charge by submitting a written request to the Trust's office in Houston, TX.

Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.019350 per unit to unitholders on April 14, 2023, based on oil production from December 2022 and natural gas production from November 2022. Oil cash receipts reached $2.7 million with realized prices of $78.48/Bbl, a decrease of $0.3 million from the previous month. Natural gas cash receipts totaled $0.9 million at $4.23/Mcf, down $0.2 million. Operating expenses decreased to $2.2 million, while capital expenditures declined to $0.5 million. Future distributions may fluctuate due to commodity price volatility.

Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.019200 per unit, payable on March 13, 2023 to unitholders of record on February 28, 2023. This distribution reflects oil production for November 2022 and natural gas production for October 2022. Oil cash receipts totaled $3.0 million, down $0.1 million from the prior month, while natural gas cash receipts were $1.1 million, down $0.4 million. Total accrued operating expenses increased to $2.4 million, and capital expenditures rose to $1.9 million due to drilling activities. A detailed update will be provided in the upcoming Annual Report in March 2023.