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) reported no distribution to unitholders in June 2021 due to a cumulative net profits shortfall of approximately $0.5 million. The estimated income from distributable net profits would have been around $0.1 million, but earlier shortfalls have prevented payments. Current month oil production totaled 31,013 Bbls, and cash receipts decreased to $1.8 million, attributed to temporary well shut-ins from winter storm Uri. Natural gas receipts remained stable at $0.7 million, while total accrued operating expenses were $2.1 million.
Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for April 2021, reflecting oil production from January 2021 and natural gas production from December 2020. The distributable income before shortfalls was approximately $0.4 million; however, due to a cumulative shortfall of $1.0 million, no distribution will occur for May 2021. Cash receipts for oil reached $2.4 million with prices at $51.22 per barrel, an increase from the previous month. Natural gas receipts also increased to $0.7 million. The cumulative shortfall is now $0.6 million, which the Trust aims to eliminate before resuming distributions.
Permianville Royalty Trust (NYSE: PVL) has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2020, with the SEC. This comprehensive report includes audited financial statements and is accessible on the Trust’s website and the SEC’s site. Unitholders can request a printed version of the report free of charge by contacting the Trust. The filing ensures transparency and compliance with regulatory requirements, enhancing investor confidence.
Permianville Royalty Trust (NYSE: PVL) reported its net profits interest calculation for March 2021, revealing no distribution will be paid to unitholders due to a cumulative net profits shortfall of approximately $1.3 million. Despite generating $0.2 million in income from distributable net profits, the shortfall remains a concern. Notably, recorded oil cash receipts were $2.3 million, with average wellhead prices at $40.85/Bbl, showing a $0.6 million increase from the prior month. Operating expenses increased to $2.2 million, while capital expenditures rose $0.3 million.
Permianville Royalty Trust (NYSE: PVL) announced its net profits interest calculation for February 2021, reflecting oil production for November 2020 and natural gas production for October 2020. The reported income would have been approximately $0.1 million, but due to a cumulative outstanding shortfall of $1.4 million, no distribution will be made in March 2021. Cash receipts from oil totaled $1.7 million, down $0.1 million from the previous period, while natural gas receipts were $0.4 million, down $0.3 million. Operating expenses decreased slightly to $1.8 million.
Permianville Royalty Trust (NYSE: PVL) has announced its net profits interest calculation for January 2021, reflecting October 2020 oil and September 2020 natural gas production. The Trust reported a shortfall of approximately $1.5 million, resulting in no distributions to unitholders for February 2021. This month, income before shortfalls was around $0.1 million. Recorded oil cash receipts were $1.8 million at $36.97/Bbl, while natural gas receipts totaled $0.7 million. Total operating expenses rose to $1.9 million amid increased capital expenditures due to new drilling projects.
Permianville Royalty Trust (NYSE: PVL) announced its net profits interest calculation for December 2020, revealing no distribution for unitholders due to a cumulative net profits shortfall of approximately $1.5 million. The calculated income from this month's net profits interest would have been around $0.2 million. The Trust reported oil cash receipts of $1.6 million at a wellhead price of $39.63/Bbl, while natural gas cash receipts were $0.2 million. Total accrued operating expenses decreased to $1.7 million, indicating stable capital expenditures.
Permianville Royalty Trust (NYSE: PVL) announced no distribution for December 2020 due to a cumulative net profits shortfall of approximately $1.8 million, despite generating $0.1 million from net profits interest in November. The Trust's oil cash receipts totaled $1.7 million and natural gas receipts were $0.5 million, both reflecting declines from the prior month. Total accrued operating expenses were $2.0 million, marking a $0.3 million decrease month-over-month. The Trust aims to eliminate the shortfall and resume distributions based on future commodity prices.
Permianville Royalty Trust (NYSE: PVL) announced the net profits interest calculation for October 2020, reflecting July's oil production and June's natural gas production. Despite a slight increase in oil and natural gas sales, totaling $1.9 million and $0.6 million respectively, a cumulative net profits shortfall of approximately $2.2 million means no distribution will be made to unitholders for October. Anticipated distributions will resume once the shortfall is addressed, although operating expenses rose to $2.3 million due to increased production.
Permianville Royalty Trust (NYSE: PVL) has received a notice from the NYSE indicating that it has fallen below the required average closing price of $1.00 per unit over a 30-day period. This notification, dated September 25, 2020, highlights the Trust's need to maintain compliance within six months to avoid delisting. The Trust cannot control unit pricing or initiate actions like a reverse split without unitholder approval. Despite this, units will continue trading on the NYSE as long as other listing requirements are met.
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