PermRock Royalty Trust Declares Monthly Payout Amid Rising Costs

Oil cash receipts for the trust fell to $1.42 million, a $0.16 million decline from the previous month. T2S Permian Acquisition II LLC, the operator, attributed this drop to lower oil sales prices, which were not fully offset by an uptick in production volume. Natural gas receipts remained flat at $0.01 million.

Simultaneously, the trust faced higher overhead, with total direct operating expenses climbing to $0.66 million. This $0.17 million increase stems from rising lease operating and workover costs. The net profits calculation also accounts for $100,000 in funds reserved by T2S to cover future ad valorem tax obligations.