\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
Underlying Sales Volumes<\/b><\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
Average Price<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Oil<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Natural Gas<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Oil<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Natural Gas<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Bbls<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Bbls\/D<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Mcf<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Mcf\/D<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n (per Bbl)<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n (per Mcf)<\/b><\/p>\n<\/td>\n<\/tr>\n \nCurrent Month\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n38.056\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1.269\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n217.262\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7.008\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n80.01\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n5.19\n<\/p>\n<\/td>\n<\/tr>\n \nPrior Month\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n36,796\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,187\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n222,785\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,426\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n85.39\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n6.89\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nRecorded oil cash receipts from the oil and gas properties underlying the Trust (the \u201cUnderlying Properties\u201d) totaled $3.0 million for the current month on realized wellhead prices of $80.01\/Bbl, down $0.1 million from the prior month\u2019s oil cash receipts.\n<\/p>\n \nRecorded natural gas cash receipts from the Underlying Properties totaled $1.1 million for the current month on realized wellhead prices of $5.19\/Mcf, down $0.4 million from the prior month.\n<\/p>\n \nTotal accrued operating expenses for the period were $2.4 million, an increase of $0.4 million from the prior period. Capital expenditures increased $1.7 million from the prior period to $1.9 million. The increase in capital expenditures in the current month were predominately associated with 10 newly drilled wells, four of which were drilled by a large investment-grade operator in the Midland Basin, and six of which were drilled by two different, private equity-backed Delaware Basin operators.\n<\/p>\n \nGiven the increase in monthly capital expenditures on the Underlying Properties in the current month compared to recent months, COERT Holdings 1 LLC (the \u201cSponsor\u201d) is releasing $0.9 million from the previously announced net profits interest capital expenditure reserve to partially fund the current month\u2019s capital expenditures. The remaining reserve of $0.1 million will be held to fund incremental future development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.\n<\/p>\n \nThe Sponsor has informed the Trustee that it intends to provide in the Trust\u2019s upcoming Annual Report on Form 10-K to be filed in March 2023 a more detailed update regarding the progress to date under the Sponsor\u2019s capital expenditure program and the 2023 outlook for the Underlying Properties and anticipated operator activity, consistent with the drilling activity update provided in the Trust\u2019s third quarter 2022 Quarterly Report on Form 10-Q.\n<\/p>\n About Permianville Royalty Trust<\/i><\/b><\/p>\n \nPermianville Royalty Trust is a Delaware statutory trust formed to 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 certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust\u2019s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com<\/a>.\n<\/p>\n Forward-Looking Statements and Cautionary Statements<\/i><\/b><\/p>\n \nThis press release contains statements that are \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are \u201cforward-looking statements\u201d for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the Underlying Properties. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2022 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust\u2019s filings with the SEC, including the risks described in the Trust\u2019s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust\u2019s quarterly and other filed reports are or will be available over the Internet at the SEC\u2019s website at http:\/\/www.sec.gov<\/a>.\n<\/p>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n