Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries VOC Energy Trust Announces Trust Quarterly Distribution By: VOC Energy Trust via Business Wire October 19, 2023 at 16:15 PM EDT VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2023. Unitholders of record on October 30, 2023 will receive a distribution amounting to $3,825,000 or $0.225 per unit, payable November 14, 2023. Volumes, average sales prices and net profits for the payment period were: Sales volumes: Oil (Bbl) 120,928 Natural gas (Mcf) 68,819 Total (BOE) 132,398 Average sales prices: Oil (per Bbl) $ 72.71 Natural gas (per Mcf) $ 2.15 Gross proceeds: Oil sales $ 8,792,075 Natural gas sales 148,137 Total gross proceeds $ 8,940,212 Costs: Lease operating expenses $ 3,055,280 Production and property taxes 206,738 Development expenses 525,728 Total costs $ 3,787,746 Net proceeds $ 5,152,466 Percentage applicable to Trust’s Net Profits Interest 80% Net profits interest $ 4,121,973 Increase in cash reserve held by VOC Brazos Energy Partners, L.P. �� 0 Total cash proceeds available for the Trust $ 4,121,973 Provision for current estimated Trust expenses (296,973) Net cash proceeds available for distribution $ 3,825,000 This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. (“VOC Brazos”) has advised the Trust that VOC Brazos believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2023. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20231019113505/en/Contacts VOC Energy Trust 601 Travis Street, Floor 16, Houston, TX 77002 The Bank of New York Mellon Trust Company, N.A., as Trustee Elaina Rodgers (713) 483-6020 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
VOC Energy Trust Announces Trust Quarterly Distribution By: VOC Energy Trust via Business Wire October 19, 2023 at 16:15 PM EDT VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2023. Unitholders of record on October 30, 2023 will receive a distribution amounting to $3,825,000 or $0.225 per unit, payable November 14, 2023. Volumes, average sales prices and net profits for the payment period were: Sales volumes: Oil (Bbl) 120,928 Natural gas (Mcf) 68,819 Total (BOE) 132,398 Average sales prices: Oil (per Bbl) $ 72.71 Natural gas (per Mcf) $ 2.15 Gross proceeds: Oil sales $ 8,792,075 Natural gas sales 148,137 Total gross proceeds $ 8,940,212 Costs: Lease operating expenses $ 3,055,280 Production and property taxes 206,738 Development expenses 525,728 Total costs $ 3,787,746 Net proceeds $ 5,152,466 Percentage applicable to Trust’s Net Profits Interest 80% Net profits interest $ 4,121,973 Increase in cash reserve held by VOC Brazos Energy Partners, L.P. �� 0 Total cash proceeds available for the Trust $ 4,121,973 Provision for current estimated Trust expenses (296,973) Net cash proceeds available for distribution $ 3,825,000 This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. (“VOC Brazos”) has advised the Trust that VOC Brazos believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2023. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20231019113505/en/Contacts VOC Energy Trust 601 Travis Street, Floor 16, Houston, TX 77002 The Bank of New York Mellon Trust Company, N.A., as Trustee Elaina Rodgers (713) 483-6020
VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2023. Unitholders of record on October 30, 2023 will receive a distribution amounting to $3,825,000 or $0.225 per unit, payable November 14, 2023. Volumes, average sales prices and net profits for the payment period were: Sales volumes: Oil (Bbl) 120,928 Natural gas (Mcf) 68,819 Total (BOE) 132,398 Average sales prices: Oil (per Bbl) $ 72.71 Natural gas (per Mcf) $ 2.15 Gross proceeds: Oil sales $ 8,792,075 Natural gas sales 148,137 Total gross proceeds $ 8,940,212 Costs: Lease operating expenses $ 3,055,280 Production and property taxes 206,738 Development expenses 525,728 Total costs $ 3,787,746 Net proceeds $ 5,152,466 Percentage applicable to Trust’s Net Profits Interest 80% Net profits interest $ 4,121,973 Increase in cash reserve held by VOC Brazos Energy Partners, L.P. �� 0 Total cash proceeds available for the Trust $ 4,121,973 Provision for current estimated Trust expenses (296,973) Net cash proceeds available for distribution $ 3,825,000 This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. (“VOC Brazos”) has advised the Trust that VOC Brazos believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2023. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20231019113505/en/
VOC Energy Trust 601 Travis Street, Floor 16, Houston, TX 77002 The Bank of New York Mellon Trust Company, N.A., as Trustee Elaina Rodgers (713) 483-6020
