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PermRock Royalty Trust (PRT) is a Delaware statutory trust formed to own royalty interests in oil and natural gas properties in the Permian Basin of West Texas. The Trust's primary assets consist of overriding royalty interests in the Boaz 1H, Boaz 2H, Boaz 3H, Boaz 4H, and Boaz 5H wells, which are operated by Permian Production Partners, LLC. PRT generates income from the production and sale of oil and natural gas from these properties, distributing substantially all of its net cash flows to unitholders on a quarterly basis. The Trust's market position is tied to the performance of its underlying oil and gas assets, which are subject to commodity price volatility and production declines over time. PRT's competitive advantage lies in its low-cost structure, as it does not bear operational or capital expenditure costs, relying instead on the operator to manage production.
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PermRock Royalty Trust (PRT) offers exposure to oil and gas royalties with a focus on income generation through quarterly distributions. The Trust's performance is heavily tied to commodity prices and production levels from its Permian Basin assets. While PRT provides a relatively low-cost way to gain royalty exposure, investors should be aware of the inherent risks, including price volatility, production declines, and reliance on a single operator. The Trust may appeal to income-focused investors comfortable with the energy sector's cyclicality, but it lacks significant growth catalysts due to its fixed asset base.
PRT 10-K filings (SEC CIK 0001724009), investor presentations, and publicly available operational updates from Permian Production Partners, LLC.