VOC Energy Trust reports recurring trust distributions tied to an 80% net profits interest in oil and natural gas properties associated with VOC Brazos Energy Partners in Kansas and Texas. News releases typically detail quarterly distribution amounts for units of beneficial interest, production volumes, average oil and natural gas sales prices, gross proceeds, lease operating expenses, production and property taxes, development expenses, trustee expense provisions and net cash available for distribution.
The trust also announces annual Form 10-K filings that include audited financial statements. Its updates are centered on cash received from underlying production rather than operating management, as the trust's affairs are administered by the trustee.
VOC Energy Trust (NYSE:VOC) has announced its quarterly distribution for the period ended September 30, 2024. Unitholders of record on October 30, 2024, will receive $0.18 per unit, totaling $3,060,000, payable on November 14, 2024. The Trust reported sales volumes of 113,737 barrels of oil and 65,152 Mcf of natural gas, totaling 124,596 BOE. Average sales prices were $75.35 per barrel for oil and $2.71 per Mcf for natural gas.
Total gross proceeds amounted to $8,746,955, with costs including lease operating expenses, taxes, and development expenses totaling $4,693,801. The net proceeds were $4,053,154, of which 80% ($3,242,523) was applicable to the Trust's Net Profits Interest. After accounting for estimated Trust expenses, the net cash proceeds available for distribution were $3,060,000.
VOC Energy Trust (NYSE: VOC) has announced its quarterly distribution for the period ending June 30, 2024. Unitholders of record on July 30, 2024, will receive a distribution of $3,060,000, or $0.18 per unit, payable on August 14, 2024.
The Trust reported sales volumes of 126,975 BOE, with average sales prices of $78.36 per barrel for oil and $2.74 per Mcf for natural gas. Total gross proceeds were $9,270,907, while total costs amounted to $5,022,634. The net proceeds applicable to the Trust's 80% Net Profits Interest were $3,398,618.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of $3,910,000 or $0.23 per unit for the quarter ending March 31, 2023. Unitholders of record on May 1, 2023 will receive this payment on May 12, 2023. Key performance metrics include total oil sales of $8,955,923 from 120,771 barrels and natural gas sales totaling $401,092 from 74,644 Mcf. Average selling prices were $74.16 per barrel for oil and $5.37 per Mcf for natural gas. Net cash proceeds after estimated expenses amount to $3,910,000, with trust net profits interest calculated at $4,222,042. Forward-looking statements in the release highlight risks related to actual drilling results and market factors.
VOC Energy Trust (NYSE: VOC) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC on March 16, 2023. The report is accessible on the Trust’s website and the SEC's official site. Unitholders can request a printed copy of the report, which includes audited financial statements, at no charge. For further inquiries, they can contact Elaina C. Rodgers at The Bank of New York Mellon Trust Company, N.A. in Houston, TX.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of $3,910,000 or $0.23 per unit for the period ending December 31, 2022, payable on February 14, 2023 to unitholders of record as of January 30, 2023. The distribution results from a total gross proceeds of $11,195,578 after deducting costs of $5,784,638. Oil sales reached $10,556,507 for 127,600 barrels, while natural gas sales totaled $639,071 for 83,501 Mcf. The trust also established a cash reserve of $1.175 million to cover future expenses.