PermRock Royalty Trust Cuts Monthly Distribution to $0.016204 Per Unit
Photo: TokenPost
PermRock Royalty Trust lowered its monthly cash distribution to $0.016204 per unit from $0.019624 in September as oil sales and cash receipts declined on its West Texas properties. The trust declared the distribution Oct. 20. The $197,140.34 payment is based primarily on August production. Oil sales on the underlying properties totaled 12,603 barrels, down from 15,632 barrels in the previous calculation, while oil cash receipts fell by $0.24 million to $1.01 million. PermRock receives 80% of the net profits from oil and natural gas production on certain properties in West Texas’ Permian Basin. Unitholders of record Oct.
Source: TokenPost
