PermRock Royalty Trust (PRT) Unit
PermRock Royalty Trust (the Trust) is a statutory trust. The Trust is focused on the acquisition, development and operations of oil and natural gas producing properties located in the Permian Basin in Texas. Its properties consist of 35,390 gross (22,997 net) acres in the Permian Basin. The Permian Basin extends over 75,000 square miles in West Texas and Southeastern New Mexico. The underlying properties consist of four operating areas, including Permian Clearfork area, Permian Abo area, Permian Shelf area and Permian Platform area. The Company’s property consists of multiple stacked hydrocarbon-bearing formations. It has produced approximately 30 billion barrels (Bbls) of oil and 75 trillion cubic feet (Tcf) of natural gas.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.