Trust that holds net profits interests in oil and natural gas properties located in the Permian Basin.
PermRock Royalty Trust, headquartered in Fort Worth, Texas, holds an 80% net profits interest in oil and natural gas production properties originally acquired by Boaz Energy II, LLC in the Permian Basin, Texas. The trust's portfolio encompasses a significant expanse of properties totaling 22,997 net acres across various strategic locations within the Permian Basin. These include 2,434 net acres situated 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 spanning Glasscock, Schleicher, Stonewall, and Coke counties, and 4,169 net acres across Ward, Crane, Terry, and Ector counties on the Central Basin Platform.
Founded in 2017, PermRock Royalty Trust operates as a specialized entity focused on maximizing returns from its interests in energy production. The trust benefits from Boaz Energy II, LLC's operational expertise and strategic positioning in one of the most prolific oil and gas regions in the United States. PermRock Royalty Trust's business model revolves around capitalizing on ongoing production and potential future development opportunities within its expansive acreage.
With a commitment to delivering value to its unitholders, PermRock Royalty Trust continues to monitor and optimize its portfolio to align with market dynamics and operational efficiencies in the energy sector. The trust remains proactive in managing its assets and exploring opportunities for growth while maintaining a robust presence in the competitive landscape of oil and gas royalty interests.