PermRock Royalty Trust is a Delaware statutory trust formed by Boaz Energy. The Company is focused on the acquisition, development and operation of oil and natural gas properties in the Permian Basin. The Company’s underlying properties are located in the Permian Basin, which extends over 75,000 square miles in West Texas and Southeastern New Mexico. The Company’s property consists of multiple stacked hydrocarbon-bearing formations. As of April 6, 2018 it has produced approximately 30 billion barrels (Bbls) of oil and 75 trillion cubic feet (Tcf) of natural gas.