PermRock Royalty Trust Announces Boaz Energy's Pending Sale to T2S Permian Acquisition II LLC
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PermRock Royalty Trust announced that Boaz Energy, the owner of the oil and gas properties underlying the Trust, has entered into a Purchase and Sale Agreement with T2S Permian Acquisition II LLC. This transaction involves the properties subject to the net profits interests conveyed to the Trust.
January 13, 2025 | 10:45 am
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NEUTRAL IMPACT
PermRock Royalty Trust's underlying properties, owned by Boaz Energy, are being sold to T2S Permian Acquisition II LLC. This sale could affect the Trust's net profits interests.
The sale of the underlying properties by Boaz Energy to T2S Permian Acquisition II LLC could impact the net profits interests of PermRock Royalty Trust. However, the direct financial impact on PRT is not immediately clear, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80