3.83000 USD
0.03
0.78%
Last update Dec 18, 3:58 PM EST
Post-market
Day range
3.83000
3.85580
Previous close
3.86000
Open
3.84000
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PermRock Royalty Trust
3.83
0.03
0.78%

Overview

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Description

PermRock Royalty Trust is a statutory trust established to own a net profit interest in mineral rights. Its primary function is to provide investors with potential income through dividends generated from oil and natural gas production in the prolific Permian Basin, a major oil and gas producing area in the United States. PermRock Royalty Trust specifically focuses on the properties operated by Boaz Energy, a seasoned operator in the Permian Basin, ensuring that its interests are directly linked to one of the most dynamic and strategically important energy sectors in the country. The trust distributes its net cash receipts proportionally to its unit holders, offering a direct means for investors to gain exposure to energy market movements without the necessity of owning or managing the physical oil and gas operations. As a financial market vehicle, it plays a crucial role in diversifying portfolios with income-generating assets rooted in the ongoing demand for energy resources.

About

CEO
Employees
0
Address
3838 Oak Lawn Avenue
Suite 1720
Dallas, 75219, TX
United States
Phone
855 588 7839
Website
Instrument type
Trust
Sector
Energy
Industry
Oil & Gas E&P
Country
United States
MIC code
XNYS
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