Please wait while we load the requested 10-Q report or click the link below:
VOC Energy Trust
VOC Energy Trust Announces Trust Quarterly Distribution
VOC ENERGY TRUST
The Bank of New York Mellon Trust Company, N.A., Trustee
FOR IMMEDIATE RELEASE
Houston, Texas, April 20, 2021 — VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the first quarterly payment period ended March 31, 2021.
Unitholders of record on April 30, 2021 will receive a distribution amounting to $2,040,000 or $0.12 per unit, payable May 14, 2021.
Volumes, average sales prices and net profits for the payment period were:
|Natural gas (Mcf)||89,151|
|Average sales prices:|
|Oil (per Bbl)||$||48.53|
|Natural gas (per Mcf)||$||2.81|
|Natural gas sales||250,209|
|Total gross proceeds||$||6,123,007|
|Lease operating expenses||$||2,803,042|
|Production and property taxes||120,097|
|Percentage applicable to Trust’s Net Profits Interest||80||%|
|Net profits interest||$||2,332,980|
|Increase in cash reserve held by VOC Brazos Energy Partners, L.P.||0|
|Total cash proceeds available for the Trust||$||2,332,980|
|Provision for estimated Trust expenses||(292,980||)|
|Net cash proceeds available for distribution||$||2,040,000|
This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. 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 March 31, 2021. 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, the effect, impact, potential duration or other implications of the COVID-19 pandemic, 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, 2020 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.
|Contact:||VOC Energy Trust|
|The Bank of New York Mellon Trust Company, N.A., as Trustee|
|601 Travis Street, Floor 16, Houston, TX 77002|
The following information was filed by Voc Energy Trust (VOC) on Tuesday, April 20, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Voc Energy Trust's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Voc Energy Trust.