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 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.