EXHIBIT 31.1



CERTIFICATION

I, Sarah Newell, certify that:



1. I have reviewed this quarterly report on Form 10-Q of Permianville
Royalty Trust, for which The Bank of New York Mellon Trust Company, N.A., acts as Trustee;



2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by this report;



3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material respects the financial condition, distributable income
and changes in Trust corpus of the registrant as of, and for, the periods presented in this report;



4. I am responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting
(as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), or for causing such controls and procedures to be established and maintained,
for the registrant and I have:



a) Designed such disclosure controls and procedures,
or caused such controls and procedures to be designed under my supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the
period in which this report is being prepared;



b) Designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes;



c) Evaluated the effectiveness of the registrant’s
disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and



d) Disclosed in this report any change in the registrant’s
internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s
fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect,
the registrant’s internal control over financial reporting; and



5. I have disclosed, based on my most recent evaluation of internal
control over financial reporting, to the registrant’s auditors:



a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s
ability to record, process, summarize and report financial information; and



b) Any fraud, whether or not material, that involves
any persons who have a significant role in the registrant’s internal control over financial reporting.



In giving the foregoing certifications
in paragraphs 4 and 5, I have relied to the extent I consider reasonable on information provided to me by COERT Holdings I LLC.



|Date: November 6, 2020 | /s/ SARAH NEWELL                                           
|---------------------- | -----------------------------------------------------------
|                       | Sarah Newell                                               
|                       | Vice President and Trust Officer                           
|                       | The Bank of New York Mellon Trust Company, N.A., as Trustee