Permianville Royalty Trust Announces Monthly Cash Distribution
Recorded natural gas cash receipts from the Underlying Properties totaled $0.4 million for the current month, down $0.2 million from the prior month distribution period, on realized wellhead prices of $1.32/Mcf.
- Recorded natural gas cash receipts from the Underlying Properties totaled $0.4 million for the current month, down $0.2 million from the prior month distribution period, on realized wellhead prices of $1.32/Mcf.
- These forward-looking statements include the amount and date of any anticipated distribution to unitholders and expected expenses, including capital expenditures.
- The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from COERT Holdings 1 LLC (the Sponsor) with respect to the relevant period.
- Continued low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.