PermRock Royalty Trust Completes Major Asset Sale to T2S Permian Acquisition II LLC

PermRock Royalty Trust Concludes Significant Transaction

On March 31, 2025, PermRock Royalty Trust (NYSE: PRT) made headlines with the announcement that it has completed a significant transaction involving the sale of assets from Boaz Energy II, LLC to T2S Permian Acquisition II LLC. This strategic move marks a pivotal transition in the management of the oil and gas properties that the Trust is set to oversee.

The Deal Details

The agreement, originally outlined in a Purchase and Sale Agreement dated January 10, 2025, entailed a thorough transfer of ownership rights concerning the underlying oil and gas properties. Through this transaction, Boaz Energy and its affiliate, Boaz Energy II Royalty, LLC, sold all interests in the properties to T2S Permian, which operates as a Delaware limited liability company. A subsidiary of T2S, Ustx LLC, also acquired approximately 4.88 million Trust units held by Boaz Energy, representing substantial beneficial interests in the Trust.

The transition is expected to enhance operational stability, with Boaz Energy committed to ensuring a smooth operational handover to the new owner. Argent Trust Company, acting as the Trustee of the Trust, will continue to manage the Trust's operations in line with established practices, thereby reassuring stakeholders of ongoing stability.

About PermRock Royalty Trust

PermRock Royalty Trust was established in Delaware and has been strategically designed to manage a net profits interest. This involves the right to receive 80% of the net profits from the sale of oil and natural gas produced from its underlying properties. This recent transaction with Boaz Energy signifies a deeper commitment to optimizing the Trust’s operational framework and returning value to its trust unit holders. The Trust's management emphasizes transparency and seamless transitions to mitigate investor risks.

Future Outlook

While PermRock Royalty Trust continues to navigate this significant change, it remains aware of the inherent risks and uncertainties associated with forward-looking statements. Investors are encouraged to consider risks related to operational transitions and the management of the Trust, as detailed in their latest SEC filings. These cautionary insights provide a balanced perspective of what lies ahead for both the Trust and its investors.

In conclusion, as PermRock Royalty Trust embraces this new chapter, it stands firm in its commitment to delivering value through effective management and strategic partnerships, exemplified by this recent transaction.

For further details and updates, stakeholders and interested parties are invited to visit the official PermRock Royalty Trust website at www.permrock.com.