The distribution follows a month marked by rising oil revenue, which reached $1.59 million—an increase of $0.24 million over the prior period. According to T2S Permian Acquisition II LLC, the operator of the underlying properties, this gain was driven by stronger sales volumes and higher oil prices. Conversely, natural gas receipts dipped to $0.02 million due to lower sales volumes, despite a modest lift in market prices.
Operational efficiencies contributed to the bottom line as direct operating expenses fell by $0.36 million to reach $0.57 million for the month. However, tax obligations rose, with severance and ad valorem taxes hitting $0.21 million following the recognition of first-quarter payments. The financial calculation also accounts for $100,000 in reserves set aside by T2S to fund future workovers and tax liabilities anticipated in the third quarter of 2026.
Comments (0)
No comments yet. Be the first!