Valuation under review.
Permianville Royalty Trust is a Delaware statutory trust that serves as a passive holder of an 80% net profits interest in oil and natural gas properties located in the Permian Basin, East Texas, and North Louisiana. The Trust receives monthly distributions equal to 80% of net revenues (revenues minus direct operating costs and development expenses) from these underlying properties, which are operated by third-party companies and contain both proved developed reserves and future production potential with a mix of oil and natural gas volumes. The Trust generates income exclusively from the sale of oil and natural gas produced from the existing reserve base, with monthly distributions paid to public unitholders from available cash after deducting capital reserves and administrative expenses.
Financial summary not available yet.