PermRock Royalty Trust

General Information


PermRock Royalty Trust is a Delaware statutory trust formed in November 2017 by Boaz Energy, a portfolio company of NGP that is focused on the acquisition, development and operation of oil and natural gas properties in the Permian Basin. PermRock Royalty Trust will own a Net Profits Interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from the Underlying Properties, which are located in the Permian Basin in Texas and are held by Boaz Energy as of the date of the conveyance of the Net Profits Interest to the trust.

Employees: 0
Founded: 2017
Contact Information
Address Simmons Bank, Trustee P.O. Box 962020, Fort Worth, Texas 76162, US
Phone Number (855) 588-7839
Web Address
View Prospectus: PermRock Royalty Trust
Financial Information
Market Cap $206.8mil
Revenues $680.6 mil (last 12 months)
Net Income $-2.8 mil (last 12 months)
IPO Profile
Symbol PRT
Exchange NYSE
Shares (millions): 6.3
Price range $17.00 - $17.00
Est. $ Volume $106.3 mil
Manager / Joint Managers Wells Fargo Securities/ Goldman Sachs/ UBS Investment Bank/ Deutsche Bank Securities/ Jefferies/ Stifel/ Oppenheimer
CO-Managers BB&T Capital Markets/ Janney Montgomery Scott
Expected To Trade: 5/2/2018
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change