PermRock Royalty Trust
For the period ended Mar 31, 2025. Filed May 14, 2025.
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Mar 31, 2025 · Filed May 14, 2025
PRT$1.44+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Terms
| Bbl | Barrel (of oil). |
|---|---|
| Boe | One barrel of crude oil equivalent. |
| differential | The difference between a benchmark price of oil and natural gas, such as the NYMEX crude oil spot, and the wellhead price received. |
| distributable income | An amount paid to Trust unitholders equal to the net profits income received by the Trust during a given period plus interest, less the expenses and payment of liabilities of the Trust, adjusted by any changes in cash reserves. |
| GAAP | United States generally accepted accounting principles. |
| MBbl | One thousand barrels of crude oil or condensate. |
| MBoe | One thousand barrels of crude oil equivalent. |
| Mcf | One thousand cubic feet (of natural gas). |
| MMcf | One million cubic feet (of natural gas). |
| natural gas liquids (NGL) | Those hydrocarbons that are separated from the gas as liquids through the process of absorption, condensation, or other methods in gas processing or cycling plants. |
| net acres | The sum of the fractional working interests owned by a given operator in gross acres. |
| net profits | Gross profits received by Boaz Energy from the sale of production from the Underlying Properties, less applicable costs, as provided in the Conveyance. |
| net profits income | Net profits multiplied by the net profits percentage of 80%, which is paid to the Trust by Boaz Energy. “Net profits income” is referred to as “royalty income” for tax reporting purposes. |
| Net Profits Interest | An interest in an oil and natural gas property measured by net profits from the sale of production, rather than a specific portion of production. An 80% net profits interest was conveyed to the Trust entitling the Trust to receive 80% of the net profits from the Underlying Properties. |
| NYMEX | The New York Mercantile Exchange is a commodity futures exchange that quotes prices for transactions which are the prices paid for various commodities, including oil and natural gas, throughout the world. |
| Trust units | Trust units representing beneficial interests in the Trust. |
| Underlying Properties | The interest in certain oil and natural gas properties from which the Net Profits Interest was conveyed by Boaz Energy. The Underlying Properties include working interests in oil and natural gas producing properties located in the Permian Basin in Texas. |
| working interest | An operating interest in an oil and natural gas property that provides the owner a specified share of production that is subject to all production expense and development costs. |
PART I. FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.