<SEC-DOCUMENT>0001553350-21-000527.txt : 20210621
<SEC-HEADER>0001553350-21-000527.hdr.sgml : 20210621
<ACCEPTANCE-DATETIME>20210621123156
ACCESSION NUMBER:		0001553350-21-000527
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210618
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210621
DATE AS OF CHANGE:		20210621

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PermRock Royalty Trust
		CENTRAL INDEX KEY:			0001724009
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				826725102
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38472
		FILM NUMBER:		211029125

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 470727
		STREET 2:		ATTN: LEE ANN ANDERSON
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76147
		BUSINESS PHONE:		(855) 588-7839

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 470727
		STREET 2:		ATTN: LEE ANN ANDERSON
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76147
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>prt_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="Mirta Negrini">
<META NAME="date" CONTENT="04/20/2020">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:1pt; margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=center>______________</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) <BR>
of the Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Date of Report (Date of earliest event reported): June 18, 2021</B></P>
<P style="margin:0px" align=center>______________</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>PermRock Royalty Trust</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Exact name of registrant as specified in the</I></P>
<P style="margin:0px; font-size:8pt" align=center><I>Amended and Restated PermRock Royalty Trust Agreement)</I></P>
<P style="margin:0px" align=center>______________</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=208 /><TD width=208 /><TD width=208 /></TR>
<TR><TD style="margin-top:0px" valign=top width=208><P style="margin:0px" align=center><B>Delaware</B></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px" align=center><B>001-38472</B></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-family:Times,Times New Roman" align=center><B>82-6725102</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>(State or other jurisdiction</I></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>(Commission</I></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>(I.R.S. Employer</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>of incorporation or organization)</I></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>File Number)</I></P>
</TD><TD style="margin-top:0px" valign=top width=208><P style="margin:0px; font-size:8pt" align=center><I>Identification Number)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Simmons Bank, Trustee<BR>
P.O. Box 470727<BR>
Fort Worth, Texas 76147</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Address of principal executive offices) (Zip Code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>(855) 588-7839</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>N/A</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Former name or former address, if changed since last report)</I></P>
<P style="margin:0px" align=center>______________</P>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin-top:3.333px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin-top:3.333px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin-top:3.333px; margin-bottom:0px; font-family:Wingdings">&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Securities registered pursuant to Section 12(b) of the Act:</B></P>
<P style="line-height:6pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=269.467 /><TD width=178.267 /><TD width=271.6 /></TR>
<TR><TD style="margin-top:0px; border:1px solid #000000" valign=top width=269.467><P style="margin-top:0px; margin-bottom:1.933px; font-size:8pt" align=center><B>Title of Each Class</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=178.267><P style="margin-top:0px; margin-bottom:1.933px; font-size:8pt" align=center><B>Trading Symbol(s)</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=271.6><P style="margin-top:0px; margin-bottom:1.933px; font-size:8pt" align=center><B>Name of Each Exchange on Which Registered</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=269.467><P style="margin:0px" align=center>Units of Beneficial Interest</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=178.267><P style="margin:0px" align=center>PRT</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=271.6><P style="margin:0px" align=center>New York Stock Exchange</P>
</TD></TR>
</TABLE>
<P style="line-height:6pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>Securities registered pursuant to Section 12(g) of the Act:</B></P>
<P style="margin:0px" align=center>None</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
<P style="line-height:6pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.067 /><TD width=319.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.067><P style="margin:0px">Emerging growth company &nbsp;<FONT style="font-family:Wingdings">&#254;</FONT></P>
</TD><TD style="margin-top:0px" valign=top width=319.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000" align=justify>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000" align=justify>&nbsp;</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left"><B>Item 2.02</B></P>
<P style="margin:0px; text-indent:-2px"><B>Results of Operations and Financial Condition.</B></P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>On June 18, 2021, PermRock Royalty Trust (the &#147;Trust&#148;) issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing, among other things, a cash distribution to record holders of its trust units representing beneficial interests in the Trust (&#147;Trust Units&#148;) as of June 30, 2021 and payable on July 14, 2021 in the amount of $738,342.39 ($0.060690 per Trust Unit), based principally upon production during the month of April 2021.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>In accordance with general instruction B.2 to Form 8-K, the information in this Form 8-K shall be deemed &#147;furnished&#148; and not &#147;filed&#148; with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left"><B>Item 9.01</B></P>
<P style="margin:0px; text-indent:-2px" align=justify><B>Financial Statements and Exhibits.</B></P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; float:left">(d)</P>
<P style="margin:0px; text-indent:-2px" align=justify>Exhibits.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=72 /><TD width=16 /><TD /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=72><P style="margin:0px; font-size:8pt" align=center><B>Exhibit No.</B></P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom><P style="margin:0px; font-size:8pt"><B>Description</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px" align=center>99.1</P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; color:#0000FF"><A HREF="prt_ex99z1.htm"><U>Press Release dated June 18, 2021.</U></A><FONT style="color:#000000"></FONT></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=justify>&nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; text-indent:48px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=29.2 /><TD width=238.6 /><TD width=44.2 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=267.8 colspan=2><P style="margin:0px">PERMROCK ROYALTY TRUST</P>
<P style="margin:0px" align=justify>By: Simmons Bank, as Trustee</P>
</TD><TD style="margin-top:0px" valign=top width=44.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.2><P style="margin:0px" align=justify>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=238.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=44.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.2><P style="margin:0px" align=justify>By: &nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=238.6><P style="margin:0px" align=justify>/s/ Lee Ann Anderson</P>
</TD><TD style="margin-top:0px" valign=top width=44.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=238.6><P style="margin:0px" align=justify>Lee Ann Anderson</P>
</TD><TD style="margin-top:0px" valign=top width=44.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=29.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=238.6><P style="margin:0px" align=justify>Senior Vice President</P>
</TD><TD style="margin-top:0px" valign=top width=44.2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify>Date:&nbsp;&nbsp;June 21, 2021</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>(The Trust has no directors or executive officers.)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=justify><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>prt_ex99z1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Press Release</TITLE>
<META NAME="author" CONTENT="EDGAR FILING LLC">
<META NAME="date" CONTENT="06/21/2021">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=right><B>Exhibit 99.1</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt"><B>PermRock Royalty Trust</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:14pt"><B>News Release</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>PermRock Royalty Trust</B></P>
<A NAME="_Hlk9926723"></A><P style="margin-top:0px; margin-bottom:13.333px"><B>Declares Monthly Cash Distribution</B></P>
<P style="margin:0px" align=justify>FORT WORTH, Texas, June 18, 2021 &#150; PermRock Royalty Trust (NYSE:PRT) (the &#147;Trust&#148;) today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust (&#147;Trust Units&#148;) as of June 30, 2021 and payable on July 14, 2021 in the amount of $738,342.39 ($0.060690 per Trust Unit), based principally upon production during the month of April 2021. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations:</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=4.333 /><TD width=4.333 /><TD width=3.333 /><TD width=44 /><TD width=3.333 /><TD width=4.067 /><TD width=3.333 /><TD width=36.467 /><TD width=4 /><TD width=5 /><TD width=3.4 /><TD width=44.067 /><TD width=3.867 /><TD width=5 /><TD width=3.4 /><TD width=36.533 /><TD width=4.6 /><TD width=5.133 /><TD width=7.333 /><TD width=35.933 /><TD width=5 /><TD width=5.333 /><TD width=12.333 /><TD width=43.667 /><TD width=3.333 /></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=199.8 colspan=14><P style="margin:0px; font-size:8pt" align=center><B>Underlying Sales Volumes</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=4.6><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5.133><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=109.6 colspan=6><P style="margin:0px; font-size:8pt" align=center><B>Average Price</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=94.533 colspan=6><P style="margin:0px; font-size:8pt" align=center><B>Oil</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.267 colspan=6><P style="margin:0px; font-size:8pt" align=center><B>Natural Gas</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=4.6><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5.133><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=43.267 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Oil</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=56 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Natural&nbsp;Gas</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=47.333 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Bbls</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=3.333><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=4.067><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=39.8 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Bbls/D</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=47.467 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Mcf</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.867><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=39.933 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Mcf/D</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=4.6><P style="margin:0px; font-size:8pt"><B>&nbsp;</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5.133><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=43.267 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>(per&nbsp;Bbl)</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=5.333><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=56 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>(per Mcf)</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom><P style="margin:0px">Current Month</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=4.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=4.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=top width=44><P style="margin:0px" align=right>32,719</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=4.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=top width=36.467><P style="margin:0px" align=right>1,091</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=3.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=top width=44.067><P style="margin:0px" align=right>45,470</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=3.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=bottom width=3.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=top width=36.533><P style="margin:0px" align=right>1,516</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=4.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=5.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=bottom width=7.333><P style="margin:0px">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC; border-top:1px solid #000000" valign=top width=35.933><P style="margin:0px" align=right>59.98</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=5.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=12.333><P style="margin:0px">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=top width=43.667><P style="margin:0px" align=right>3.90</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px">Prior Month</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=44><P style="margin:0px" align=right>34,094</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=4.067><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36.467><P style="margin:0px" align=right>1,100</P>
</TD><TD style="margin-top:0px" valign=bottom width=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=44.067><P style="margin:0px" align=right>40,289</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=3.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=36.533><P style="margin:0px" align=right>1,300</P>
</TD><TD style="margin-top:0px" valign=bottom width=4.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=5.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.333><P style="margin:0px">$</P>
</TD><TD style="margin-top:0px" valign=top width=35.933><P style="margin:0px" align=right>61.23</P>
</TD><TD style="margin-top:0px" valign=bottom width=5><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=5.333><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=12.333><P style="margin:0px">$</P>
</TD><TD style="margin-top:0px" valign=top width=43.667><P style="margin:0px" align=right>4.20</P>
</TD><TD style="margin-top:0px" valign=bottom width=3.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>Oil cash receipts for the properties underlying the Trust totaled $1.96 million for the current month, a decrease of $0.13 million from the prior month&#146;s distribution period. &nbsp;This decrease was due to a decrease in oil prices and lower sales volumes due to a shortened production month. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Natural gas cash receipts for the properties underlying the Trust totaled $0.18 million for the current month, a slight increase of $0.01 million from the prior month&#146;s distribution period. &nbsp;This increase was due to an &nbsp;increase in natural gas volumes. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Total direct operating expenses, including marketing, lease operating expenses and workover expenses, were $0.58 million reflecting a $0.14 million decrease from the prior month. Severance and ad valorem taxes were ($0.19) million, reflecting the distribution by Boaz Energy of $0.35 million of funds previously accrued for the payment of the estimated 2020 ad valorem taxes.</P>
<P style="margin:0px" align=justify><BR></P>
<A NAME="_Hlk71973330"></A><P style="margin:0px" align=justify>Capital expenditures were $0.57 million in the current month, an increase of $0.24 million from the prior month<A NAME="_Hlk38024352"></A>. Boaz Energy indicated the increase in capital expenditures was primarily related to the drilling of a new well in Crane County, which well is scheduled to be completed in the second quarter of this year.<B> </B>Boaz Energy informed the Trust that this month&#146;s net profits calculation included $40,000 net to the Trust of funds reserved by Boaz Energy to cover future capital obligations and expenses. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>About PermRock Royalty Trust</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>PermRock Royalty Trust is a Delaware statutory trust formed by Boaz Energy II, LLC (&#147;Boaz Energy&#148;) 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 properties owned by Boaz Energy in the Permian Basin of West Texas.<FONT style="font-family:Arial"> </FONT>For more information on PermRock Royalty Trust, please visit our website at www.permrock.com.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; font-size:12pt; page-break-before:always">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Cautionary Statement Concerning Forward-Looking Statements</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>Certain statements contained in this press release constitute &#147;forward-looking statements.&#148; These forward-looking statements represent the Trust&#146;s and Boaz Energy&#146;s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, future cash retentions, advancements or recoupments from distributions, and statements regarding Boaz Energy&#146;s operations and the resulting impact on the computation of the Trust&#146;s net profits. The amount of 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 volatility in commodity prices, oversupply and the economic effects of the COVID-19 pandemic. Further, low oil and natural gas prices may result in no distributions to unitholders in certain periods. Other important factors that could cause actual results to differ materially from those projected in the forward-looking statements include expenses of the Trust and reserves for anticipated future expenses, uncertainties in estimating the cost of drilling activities and risks associated with drilling and operating oil and natural gas wells. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Trust does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Trust to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Trust&#146;s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the &#147;SEC&#148;) on March 31, 2021 and other public filings filed with the SEC. The risk factors and other factors noted in the Trust's public filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement. The Trust&#146;s filed reports are or will be available over the Internet at the SEC&#146;s website at <U>http://www.sec.gov.</U></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=96 /><TD width=542.4 /></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px" align=justify>Contact:</P>
</TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>PermRock Royalty Trust</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>Simmons Bank, Trustee</P>
</TD><A NAME="_DV_M19"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>Lee Ann Anderson, Senior Vice President </P>
</TD><A NAME="_DV_M20"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>Toll-free: (855) 588-7839</P>
</TD><A NAME="_DV_M21"></A><A NAME="_DV_M22"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>Fax: (817) 298-5579</P>
</TD><A NAME="_DV_M23"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>Website: &nbsp;<U>www.permrock.com</U></P>
</TD><A NAME="_DV_M24"></A></TR>
<TR><TD style="margin-top:0px" valign=top width=96><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=542.4><P style="margin:0px" align=justify>e-mail: &nbsp;<U>trustee@permrock.com</U></P>
</TD></TR>
</TABLE>
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