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) has announced a cash distribution of $0.056000 per unit for unitholders, payable on February 14, 2023, to those on record by January 31, 2023. The distribution is based on oil production from October 2022 and natural gas from September 2022, with associated costs calculated from November 2022. Recorded oil cash receipts were $3.1 million at an average price of $85.39 per barrel, while natural gas receipts totaled $1.5 million at $6.89 per Mcf. Total operating expenses were $2.0 million, down $0.3 million from the prior month. A reserve of $1.0 million has been established for future expenses.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of
Permianville Royalty Trust (NYSE: PVL) has declared a cash distribution of $0.050500 per unit, payable on October 17, 2022, to unitholders of record on September 30, 2022. This payment reflects reported oil production from June 2022 and natural gas production from May 2022. Cash receipts from oil totaled $4.2 million, while natural gas receipts reached $2.0 million. Total accrued operating expenses were $2.6 million, showing a slight decline. The Trust is also increasing its capital expenditure outlook for 2022 to between $10 million and $15 million.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.024500 per unit, payable on September 15, 2022, to unitholders of record on August 31, 2022. The distributions are based on oil production reported for May 2022 and natural gas production for April 2022. Oil cash receipts totaled $4.0 million with a realized price of $107.77 per barrel, while natural gas receipts reached $1.6 million at $5.37 per Mcf. Operating expenses increased by $0.5 million to $2.7 million.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of
Permianville Royalty Trust (NYSE: PVL) has announced a cash distribution of $0.032000 per unit, payable on June 14, 2022. This distribution is based on reported oil production for February 2022 and natural gas production for January 2022. For the current month, oil cash receipts totaled $3.5 million at an average price of $86.55/Bbl, while natural gas receipts were $1.7 million at $5.00/Mcf. Total accrued operating expenses increased to $2.8 million, reflecting a rising trend in expenses due to increased development activity.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.031500 per unit, payable on May 16, 2022, to unitholders as of April 29, 2022. This distribution is based on oil production in January 2022 and natural gas production in December 2021. The Trust reported a cash receipt of $3.5 million from oil at an average price of $74.79/Bbl, while natural gas receipts were $1.1 million at $4.09/Mcf. Total accrued operating expenses increased to $2.4 million, with a capital expenditure of $0.2 million.
Permianville Royalty Trust (NYSE: PVL) announced the filing of its Annual Report on Form 10-K for the year ending December 31, 2021, with the SEC on March 25, 2022. The report includes the Trust's audited financial statements and is accessible on the Trust’s website and the SEC’s website. Unitholders may request a printed copy of the report free of charge. This filing marks a key compliance step for the Trust, ensuring transparency for its investors.
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