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PermRock Royalty Trust (PRT)

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Last Post: 6/25/2020 7:24:15 PM - Followers: 0 - Board type: Free - Posts Today: 0


Who is PermRock Royalty Trust

PermRock Royalty Trust (the “Trust”) is a Delaware statutory trust formed to own a perpetual interest in oil and natural gas producing properties. The Trust was established in 2017 through a trust agreement among Boaz Energy II, LLC (“Boaz Energy”), as Trustor, Simmons Bank, as Trustee (the “Trustee”), and Wilmington Trust, National Association, as Delaware Trustee (the “Delaware Trustee”). On May 4, 2018, in connection with the Trust’s initial public offering, Boaz Energy conveyed to the Trust an 80% net profits interest (the “NPI”) carved out of a subset of Boaz Energy’s oil and natural gas leaseholds in the Permian Basin of West Texas (the “Underlying Properties”). The NPI is the principal asset of the Trust. 

Under the Amended and Restated Trust Agreement of the Trust, dated May 4, 2018, among Boaz Energy, the Trustee and the Delaware Trustee (the “Trust Agreement”), the Trustee, has the primary function of collecting monthly net proceeds attributable to the NPI and making the monthly distributions to the unitholders, after deducting Trust administrative expenses and any amounts necessary for cash reserves.

PermRock Royalty Trust is a New York Stock Exchange-listed entity, with units trading under the symbol “PRT.”

PRT
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PRT News: Current Report Filing (8-k) 09/18/2020 04:21:16 PM
PRT News: PermRock Royalty Trust Declares Monthly Cash Distribution for September 09/18/2020 06:30:00 AM
PRT News: Current Report Filing (8-k) 08/21/2020 01:42:10 PM
PRT News: PermRock Royalty Trust Declares No Monthly Cash Distribution for August 08/21/2020 06:30:00 AM
PRT News: Quarterly Report (10-q) 08/14/2020 03:09:36 PM
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#7   JP Morgan Predicts $100 Oil WestTexas 06/25/20 07:24:15 PM
#6   Economy is recovering-and the economy needs oil. WestTexas 06/02/20 08:33:53 PM
#5   This is a NYSE stock. Not a flakey WestTexas 06/02/20 08:32:47 PM
#4   Volume is double last weeks volume. WestTexas 06/02/20 08:31:49 PM
#3   PRT is on track to DOUBLE in a month! WestTexas 06/02/20 08:31:04 PM
#2   Up 14.22% today! WestTexas 06/02/20 08:30:00 PM
#1   Welcome to the PRT board! WestTexas 06/02/20 02:30:34 AM
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