PermRock Royalty Trust Sets Monthly Distribution at $238,742

The distribution reflects a decline in oil-related revenue, which totaled $1.25 million for the current period, down $0.17 million from the prior month. According to T2S Permian Acquisition II LLC, the operator of the underlying Permian Basin properties, this drop stemmed primarily from lower oil sales volumes and decreased market prices. Conversely, natural gas receipts saw a modest uptick to $0.02 million, driven by higher realized prices during the period.

Operational costs remained steady at $0.66 million, while severance and ad valorem taxes declined by $0.01 million. Capital expenditures for the month reached $116,596, covering tangible completion, plugging, and workover costs. The calculation also incorporated a $62,500 net release from previously held reserves, balancing a $125,000 disbursement for workovers against a $62,500 holdback earmarked for future tax obligations.