VOC Energy Trust Announces Trust Quarterly Distribution
Unitholders of record on
Volumes, average sales prices and net profits for the payment period were:
Sales volumes: |
|
|
||
Oil (Bbl) |
|
120,771 |
|
|
Natural gas (Mcf) |
|
74,644 |
|
|
Total (BOE) |
|
133,212 |
|
|
Average sales prices: |
|
|
||
Oil (per Bbl) |
|
$ |
74.16 |
|
Natural gas (per Mcf) |
|
$ |
5.37 |
|
Gross proceeds: |
|
|
|
|
Oil sales |
|
$ |
8,955,923 |
|
Natural gas sales |
|
|
401,092 |
|
Total gross proceeds |
|
$ |
9,357,015 |
|
Costs: |
|
|
|
|
Lease operating expenses |
|
$ |
3,637,884 |
|
Production and property taxes |
|
|
279,484 |
|
Development expenses |
|
|
162,095 |
|
Total costs |
|
$ |
4,079,463 |
|
Net proceeds |
|
$ |
5,277,552 |
|
Percentage applicable to Trust’s Net Profits Interest |
|
80 |
% |
|
Net profits interest |
|
$ |
4,222,042 |
|
Increase in cash reserve held by |
|
|
0 |
|
Total cash proceeds available for the Trust |
|
$ |
4,222,042 |
|
Provision for current estimated Trust expenses |
|
|
(312,042 |
) |
Net cash proceeds available for distribution |
|
$ |
3,910,000 |
|
This press release contains forward-looking statements. Although
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