Stock Taper
PermRock Royalty Trust, established in 2017 and based in Fort Worth, Texas, holds an 80% net profits interest from oil and natural gas assets covering 22,997 acres across the Permian Basin's Central Basin Platform and Eastern Shelf.

PermRock Royalty Trust is a Delaware statutory trust that owns an 80% net profits interest in Permian Basin oil and natural gas assets, providing investors with monthly cash distributions from production revenues without operational involvement.
On March 31, 2025, Boaz Energy, the creator and operator of the assets underlying PermRock Royalty Trust, completed the sale of these properties to T2S Permian Acquisition II LLC. The deal also included the transfer of approximately 4.88 million PRT trust units to the new operator. This marked a significant change in the operational oversight of the assets that generate the trust's royalties, though the trust's administration continued in the ordinary course.
PermRock Royalty Trust is a statutory trust with a passive operational structure, limited to distributing net profits from its underlying assets. In 2025, the operator of these assets, Boaz Energy, sold them to T2S Permian Acquisition II LLC. This was a significant event for the trust, but the decision was not made by the Trust's leadership and therefore does not constitute a strategic shift by PermRock Royalty Trust.