Background
Before starting, I'd encourage all investors who are considering or currently own trust units in PRT to read the trust's prospectus before making an investment decision. If you want a more summarized primer, stick with me for the remainder of the article first and see what you think.
One key element to understanding the Permrock story is knowing Natural Gas Partners ("NGP"). NGP is a leading energy focused investing firm that has raised 11 private equity funds since 1988 with $20 billion of cumulative equity commitments. Like many private equity shops, the public markets