Permianville Royalty Trust Announces Monthly Cash Distribution
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
37,873 |
|
1,262 |
|
287,116 |
|
9,262 |
|
$ |
110.92 |
|
$ |
6.85 |
Prior Month |
|
37,350 |
|
1,205 |
|
297,117 |
|
9,904 |
|
$ |
107.77 |
|
$ |
5.37 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled
Recorded natural gas cash receipts from the
Total accrued operating expenses for the period were
Given the increase in rig count and operator activity on the
Capex Drilling Activity Recap and Update
In light of the incurred, announced and/or expected capital expenditures resulting from increased operator activity in 2022, below is a summary of the current status of certain notable capital projects recently undertaken on the
Operator |
Region |
Number
|
|
Project |
Status |
|||||
Large Cap Major |
Haynesville |
2 |
2.5% |
D&C New Drills |
1 Drilled, Awaiting
|
|||||
Large Cap E&P 1 |
Midland |
5 |
6.6% |
D&C New Drills |
Producing, Awaiting First
|
|||||
Large Cap E&P 2 |
Conventional Permian |
N/A (Field) |
0.8% |
New Drills / Workovers |
In-process/ Continual Program |
|||||
Large Private E&P |
Haynesville |
1 |
17.2% |
Refrac |
Producing, Awaiting First
|
|||||
PE-Backed Private 1 |
|
8 |
5.4% |
D&C New Drills |
4 Producing, Awaiting First
|
|||||
PE-Backed Private 2 |
|
3 |
0.8% |
D&C New Drills |
Producing, Awaiting First
|
|||||
PE-Backed Private 3 |
|
3 |
0.8% |
D&C New Drills |
Drilling In-Process |
|||||
Private E&P 1 |
Conventional Permian |
3 |
24.0% |
New Drills / Workovers |
Producing, Awaiting First
|
|||||
Private E&P 2 |
Haynesville |
3 |
3.6% |
Refrac |
In-Process |
In addition, the Sponsor now expects that the 2022 capital expenditure program will be between
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Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the
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