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PermRock Royalty Trust Announces Closing of Boaz Energy's Sale to T2S Permian Acquisition II LLC

  • On March 31, 2025, PermRock Royalty Trust announced Boaz Energy's sale to T2S Permian Acquisition II LLC.
  • Boaz Energy II, LLC and its affiliate, as the Grantors, entered a Purchase and Sale Agreement on January 10, 2025.
  • The Grantors conveyed their rights to the Underlying Properties and sold 4,884,861 Trust units to Ustx LLC.
  • The trust receives 80% of net profits from oil and gas production from the Underlying Properties.
  • Argent Trust Company, the trustee, expects to continue administering the Trust, but results may vary.
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PermRock Royalty Trust Announces Closing of Boaz Energy's Sale to T2S Permian Acquisition II LLC

DALLAS, March 31, 2025 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today announced that Boaz Energy II, LLC ("Boaz Energy"), the now former owner and operator of the oil and gas properties underlying the Trust (the "Underlying Properties"), and…

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Hart EnergyHart Energy

Boaz Energy Completes Sale of PermRock Properties to T2S

Boaz Energy II has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC.

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PermRock's Massive Deal: T2S Permian Acquires 4.8M Trust Units and Oil Assets

T2S Permian acquires Boaz Energy's oil assets and 4.8M trust units while maintaining existing profit arrangements. Key operations continue unchanged.

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Temple Daily Telegram broke the news in on Tuesday, April 1, 2025.
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