PRT Profile
PermRock Royalty Trust holds an 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC within the Permian Basin of Texas. The trust's portfolio encompasses a diverse range of properties across the Permian Basin, one of the most prolific oil and natural gas regions in the United States. The underlying assets include 22,997 net acres distributed over several key areas, reflecting the trust's extensive stake in the region’s hydrocarbon resources.
Specifically, the trust's holdings comprise 2,434 net acres on the Central Basin Platform in Hockley and Terry counties, Texas, and 1,667 net acres on the Central Basin Platform in Terry and Cochran counties. Additionally, it controls 14,727 net acres on the Eastern Shelf, covering Glasscock, Schleicher, Stonewall, and Coke counties, and 4,169 net acres on the Central Basin Platform in Ward, Crane, Terry, and Ector counties. This distribution highlights the trust's strategic positioning across multiple productive zones within the Permian Basin.
The trust benefits from a steady revenue stream derived from its substantial interest in these high-value oil and gas properties. PermRock Royalty Trust generates income through its share of profits from the production and sale of hydrocarbons, capitalizing on the ongoing demand and market dynamics of the energy sector. This structure allows the trust to provide value to its stakeholders through royalty payments and potentially significant returns as energy production continues in the region.
Founded in 2017 and headquartered in Fort Worth, Texas, PermRock Royalty Trust operates as a vehicle for investors seeking exposure to the oil and natural gas sector, particularly within the lucrative Permian Basin. The trust’s strategic ownership of a large and diverse acreage base in a leading energy-producing region underscores its role in the industry and its potential to deliver value through its royalty interests.
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