Time to Cash In: PermRock Royalty Trust Declares Monthly Distribution

What’s the Buzz in Dallas?

Hey there, all you trust unit holders in the Dallas area! PermRock Royalty Trust has some exciting news for you. They’ve just declared a monthly cash distribution for all record holders of trust units as of October 31, 2024. If you’re part of this elite group, get ready to receive a sweet payout on November 15, 2024. The amount? A whopping $367,645.06, or $0.030219 per Trust Unit. Not too shabby, huh?

Behind the Numbers

Curious about how this cash distribution was calculated? It’s all based on the Trust’s production during the month of August 2024. Let’s take a look at the breakdown:

Oil cash receipts for the properties underlying the Trust totaled $1.87 million for the current month, showing a slight increase from the prior month’s distribution period. Looks like things are looking up for all you lucky trust unit holders!

Impact On You:

If you’re a record holder of trust units in PermRock Royalty Trust, this monthly cash distribution is like hitting the jackpot. You can expect a nice chunk of change to come your way on November 15th. Time to start planning how you’ll put that extra money to good use!

Impact On the World:

While this cash distribution may not make headlines around the globe, it’s worth noting the positive impact it can have on the energy industry. Companies like PermRock Royalty Trust play a crucial role in supporting oil and natural gas production, which in turn fuels our economy and keeps the world moving. So, in a way, this monthly distribution is a win for all of us!

Conclusion:

So there you have it, folks. PermRock Royalty Trust is making it rain with their monthly cash distribution, and trust unit holders couldn’t be happier. As we look ahead to November 15th, let’s raise a toast to the trust and the energy industry that keeps our world running smoothly. Cheers to more distributions in the future!