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 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
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.025000 per unit, payable on January 14, 2022, to unitholders of record on December 31, 2021. The distribution is based on oil production for September 2021 and natural gas production for August 2021. Recorded oil cash receipts totaled $2.8 million with an average price of $68.90/Bbl, while natural gas cash receipts were $1.1 million at $3.78/Mcf. Operating expenses increased to $2.5 million, and capital expenditures rose to $0.2 million.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.027000 per unit, payable on November 15, 2021, to unitholders of record on October 29, 2021. This distribution reflects reported oil production for July 2021 and natural gas production for June 2021. Recorded oil cash receipts totaled $2.6 million with realized prices at $70.27 per Bbl, a decrease from the prior period, while natural gas receipts were $0.9 million at $2.92 per Mcf, slightly up. Total operating expenses for the period were $2.2 million, down $0.1 million from last month.
Permianville Royalty Trust (NYSE: PVL) announced a cash distribution of $0.021000 per unit, payable on October 15, 2021, to unitholders of record on September 30, 2021. The distribution is based on reported oil production from June 2021 and natural gas production from May 2021. The Trust recorded oil cash receipts of $2.7 million for the current month at an average price of $71.39/Bbl and natural gas cash receipts of $0.8 million at $2.83/Mcf. Total operating expenses increased to $2.3 million, while capital expenditures decreased to $0.3 million.
Permianville Royalty Trust (NYSE: PVL) declared a cash distribution of $0.013000 per unit, payable on September 15, 2021. The distribution is based on oil and natural gas production from May and April 2021, respectively. The Trust reported approximately $0.5 million in income from distributable net profits. Recorded oil cash receipts amounted to $2.3 million at an average price of $64.46/Bbl, while natural gas receipts were $0.8 million at $2.55/Mcf. Operating expenses stayed at $2.1 million and capital expenditures rose to $0.4 million.
Permianville Royalty Trust (NYSE: PVL) reported a net profits interest calculation for July 2021, revealing an income of approximately $0.7 million, which will not be distributed to unitholders due to prior administrative advances totaling $0.7 million. Distributions will resume after these advances are repaid. Oil cash receipts increased to $2.7 million at an average price of $59.37 per barrel, while natural gas receipts remained steady at $0.7 million. Total accrued operating expenses were $2.1 million, with a slight increase from the previous month.
Permianville Royalty Trust (NYSE: PVL) reported that for June 2021, there will be no distribution to unitholders due to a cumulative outstanding net profits shortfall of approximately $0.5 million and prior advances totaling $0.7 million. Current month cash receipts from oil totaled $2.2 million, with an increase attributed to the resumption of production after winter storm Uri. Natural gas receipts remained stable at $0.7 million. Operating expenses were $2.0 million, down by $0.1 million from the previous month. The Trust anticipates future distributions post-repayment of administrative advances.
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