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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) announced a first-quarter distribution of net profits for the period ending March 31, 2022. Unitholders of record on May 2, 2022, will receive a total distribution of $4,760,000, equating to $0.28 per unit, payable on May 13, 2022. The Trust reported sales volumes of 124,939 barrels of oil and 80,423 Mcf of natural gas, resulting in total gross proceeds of $10,374,559. After costs of $3,895,583, net proceeds available for distribution amount to $4,760,000. A reserve for future expenses is being established, with $182,917 withheld this quarter.
VOC Energy Trust (NYSE: VOC) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021 with the U.S. Securities and Exchange Commission on March 17, 2022. The report is accessible on the Trust's website and on the SEC's site. Unitholders can request a printed copy that includes audited financial statements for free by writing to the Trust's Trustee, The Bank of New York Mellon Trust Company.
VOC Energy Trust (NYSE: VOC) has announced a distribution of net profits of $4,250,000, equivalent to $0.25 per unit, for the fourth quarterly payment period ending December 31, 2021. Unitholders of record on February 1, 2022, will receive this distribution on February 14, 2022. The total sales volumes included 135,762 barrels of oil and 84,632 Mcf of natural gas, generating total gross proceeds of $10,507,066, with net proceeds of $5,890,233. The Trust intends to build a cash reserve of $1.175 million for future expenses, withholding $182,917 from this quarter's distribution.
VOC Energy Trust (NYSE: VOC) announced a distribution of net profits for the quarterly period ending September 30, 2021. Unitholders of record on November 1, 2021, will receive a total distribution of $3,400,000 or $0.20 per unit, payable on November 12, 2021. Key performance metrics include sales volumes of 141,750 barrels of oil and 88,288 Mcf of natural gas, generating gross proceeds of approximately $9,875,427. The Trust's net cash proceeds available for distribution amount to $3,400,000 after accounting for estimated expenses.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of $2,720,000, equating to $0.16 per unit for the second quarter ending June 30, 2021. This payment is scheduled for August 13, 2021, for unitholders of record by July 30, 2021. During this period, the Trust reported oil sales of $7,679,568 from 128,814 barrels and natural gas sales of $258,788 from 78,734 Mcf. Total gross proceeds reached $7,938,356, while total costs were $4,384,015, resulting in net proceeds of $3,554,341.
VOC Energy Trust (NYSE: VOC) announced a quarterly distribution of net profits for the period ending March 31, 2021. Unitholders on record by April 30, 2021, will receive $2,040,000, equating to $0.12 per unit, payable on May 14, 2021. The period saw oil sales of 121,019 barrels at an average price of $48.53 per barrel, contributing to total gross proceeds of $6,123,007. After expenses totaling $3,206,782, net proceeds available for distribution amounted to $2,040,000. The Trust warns of potential variances based on actual cash receipts from operations.
VOC Energy Trust (NYSE: VOC) submitted its Annual Report on Form 10-K for the year ending December 31, 2020, to the U.S. SEC on March 16, 2021. The report can be accessed in the Trust's SEC Filings section on its website or directly on the SEC’s website. Unitholders are eligible to request a printed version of the report, which includes audited financial statements, at no cost. To request the report, they can contact Elaina C. Rodgers at The Bank of New York Mellon Trust Company in Houston.
VOC Energy Trust (NYSE: VOC) announced a fourth quarterly distribution of net profits amounting to $510,000 or $0.03 per unit, payable on February 12, 2021, to unitholders recorded on February 1, 2021. The report detailed sales volumes of 136,583 Bbl of oil and 95,986 Mcf of natural gas, totaling 152,581 BOE. Average sales prices were $36.26 per Bbl for oil and $2.07 per Mcf for natural gas. The net cash proceeds available for distribution were reported at $510,000.
VOC Energy Trust (NYSE: VOC) announced a distribution of $1,445,000, or $0.085 per unit, for the payment period ending September 30, 2020, payable on November 13, 2020. This follows significant challenges due to low oil prices influenced by COVID-19, leading to reduced net proceeds. For the quarter, oil sales totaled $4,795,420, with 130,203 barrels sold at an average price of $36.83 per barrel. Despite covering a previous deficit, future distributions may be substantially lower if oil prices remain depressed.