Distribution Information - Permianville Royalty Trust announced a cash distribution of $0.014000 per unit, payable on October 15, 2024[1]. Production Data - Current month oil production was reported at 38,579 Bbls, down from 41,469 Bbls in the prior month, representing a decrease of approximately 4.5%[2]. - Natural gas production for the current month was 374,304 Mcf, a decrease from 394,278 Mcf in the prior month, reflecting a decline of about 5.1%[2]. Revenue and Cash Receipts - Recorded oil cash receipts totaled $3.0 million for the current month, down $0.3 million from the prior month, indicating a decrease of approximately 9.1%[3]. - Natural gas cash receipts increased to $0.6 million, up $0.1 million from the prior month, representing a rise of approximately 20%[3]. Expenses and Capital Expenditures - Total accrued operating expenses for the period were $2.5 million, an increase of $0.6 million month-over-month, or about 31.6%[3]. - Capital expenditures decreased to $0.4 million, down $0.2 million from the prior period, indicating a reduction of 33.3%[3]. Trust Structure and Future Outlook - The Trust owns a net profits interest representing the right to receive 80% of the net profits from oil and natural gas production from properties in Texas, Louisiana, and New Mexico[4]. - Future distributions are expected to fluctuate based on production volumes, oil and gas prices, and capital expenditures[4]. - The Trust's ability to pay distributions may be affected by commodity price volatility and other factors beyond its control[5].
Permianville Royalty Trust(PVL) - 2024 Q2 - Quarterly Results