Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust established to hold a net profits interest on behalf of its unitholders. The trust's core asset entitles it to receive 80% of the net profits generated from the sale of crude oil and natural gas produced from specific underlying properties. The trust functions strictly as a passive holding entity and does not operate the properties or maintain any employees. Third-party operators handle extraction, marketing, and commercial sales of the oil and gas to third-party purchasers, including major refining and energy companies such as Pioneer Natural Resources USA, Phillips 66, and BPX Operating Company.

All assets attributable to the trust are situated in the United States, specifically across producing properties located in Texas, Louisiana, and New Mexico. The trust's principal executive offices are maintained by its trustee, The Bank of New York Mellon Trust Company, N.A., in Houston, Texas. Administrative responsibilities, accounting, and monthly net profit distributions to beneficial unit holders are conducted through the trustee.

Summary of the business section of Permianville Royalty Trust's latest annual report, written by StockData.