{"url_path":"/sec/pvl/10-q/2026/item-4","section_key":"item-4","section_title":"Item 4 Controls and Procedures.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1520048/0001104659-26-062622-index.html","accession_number":"0001104659-26-062622","cik":"0001520048","ticker":"PVL","issuer_name":"Permianville Royalty Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1520048/0001104659-26-062622-index.html","primary_entity_key":"0001520048","primary_entity_name":"Permianville Royalty Trust"},"word_count":312,"has_tables":true,"body_markdown":"**Item 4. Controls and Procedures.**\n\n*Evaluation of Disclosure Controls and Procedures*\n\nThe Trustee conducted an evaluation of the Trust’s\ndisclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended (the\n“Exchange Act”)). Based on this evaluation, the Trustee has concluded that the disclosure controls and procedures of the Trust\nwere effective, as of the end of the period covered by this report, in ensuring that information required to be disclosed by the Trust\nin the reports that it files or submits under the Exchange Act is accumulated and communicated to the Trustee to allow timely decisions\nregarding required disclosure.\n\nDue to the nature of the Trust as a passive entity\nand in light of the contractual arrangements pursuant to which the Trust was created, including the provisions of (i) the Trust Agreement\nand (ii) the Conveyance, the Trustee’s disclosure controls and procedures related to the Trust necessarily rely on (A) information\nprovided by the Sponsor, including information relating to results of operations, the costs and revenues attributable to the Trust’s\ninterest under the Conveyance and other operating and historical data, plans for future operating and capital expenditures, reserve information,\ninformation relating to projected production, and other information relating to the status and results of operations of the Underlying\nProperties and the Net Profits Interest, and (B) conclusions and reports regarding reserves by the Trust’s independent reserve\nengineers.\n\n*Changes in Internal Control over Financial Reporting*\n\nDuring the quarter ended March 31, 2026, there\nwere no changes in the Trust’s internal control over financial reporting that have materially affected, or are reasonably likely\nto materially affect, the Trust’s internal control over financial reporting. The Trustee notes for purposes of clarification that\nit has no authority over, and makes no statement concerning, the internal control over financial reporting of the Sponsor.\n\n17\n\n**PART II—OTHER\nINFORMATION**"}