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:May 15, 2023 | /s/ SARAH NEWELL                                           
|----------------- | -----------------------------------------------------------
|                  | Sarah Newell                                               
|                  | Vice President and Trust Officer                           
|                  | The Bank of New York Mellon Trust Company, N.A., as Trustee