PermRock Royalty Trust (PRT)

PermRock Royalty Trust, based in Fort Worth, Texas, holds an 80% net profits interest in oil and natural gas properties in the Permian Basin of Texas that Boaz Energy II, LLC originally acquired. The properties cover 22,997 net acres in total. These are 2,434 net acres on the Central Basin Platform in Hockley and Terry counties; 1,667 net acres in Terry and Cochran counties; 14,727 net acres on the Eastern Shelf in Glasscock, Schleicher, Stonewall and Coke counties; and 4,169 net acres in Ward, Crane, Terry and Ector counties on the Central Basin Platform.

The trust was formed in 2017. Its income depends on current production from the acreage and on any future development there. It draws on the operating experience of Boaz Energy II, LLC in the Permian Basin.

The trust aims to deliver value to unitholders. It monitors its portfolio in light of market conditions and looks for ways to grow within the oil and gas royalty sector.