- PermRock Royalty Trust (PRT, Financial) has declared a monthly cash distribution of $289,632.56 based on February 2025 production.
- Oil production decreased to 21,413 barrels, while natural gas production slightly increased to 25,759 Mcf.
- Operating expenses were reduced by $0.05 million to $0.66 million, aiding financial performance.
PermRock Royalty Trust (PRT) announced a monthly cash distribution of $289,632.56, equivalent to $0.023807 per Trust Unit, scheduled for payout on May 14, 2025, to unitholders of record as of April 30, 2025. This distribution reflects production metrics from February 2025, a period characterized by notable shifts in commodity prices and production volumes.
Oil production for February 2025 was registered at 21,413 barrels, down from the previous month's figure of 22,173 barrels. The average price per barrel also saw a decline, settling at $70.27 compared to $72.98 in January. In contrast, natural gas production experienced a slight increase with 25,759 Mcf produced compared to the prior month's 25,576 Mcf, with an improved average price of $4.15 per Mcf, up from $3.98.
Financially, oil revenue dropped by $0.12 million to a total of $1.50 million, attributed to both the reduction in production volume and the decrease in oil prices. On the other hand, natural gas receipts experienced a marginal increase of $0.01 million, totaling $0.11 million.
Efficient cost management helped offset some of the revenue challenges, with operating expenses seeing a reduction of $0.05 million, bringing the total down to $0.66 million. Meanwhile, T2S Permian, the operator, reserved $48,000 for future capital obligations, acknowledging the need for strategic financial planning amid fluctuating market conditions.
This monthly distribution highlights PermRock Royalty Trust's ongoing efforts to navigate the complexities of fluctuating commodity markets, balancing production and operational efficiency to sustain returns for its investors.
