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VOC Energy Trust (symbol: VOC) is a statutory trust established to acquire and hold a term net profits interest for the benefit of its unitholders. The Trust’s primary assets include the net interests in oil and natural gas properties owned by VOC Brazos, located in Kansas and Texas. These underlying properties generate the Trust’s revenue through the sale of produced oil and natural gas.
The Trust's operations are overseen by a Trustee, ensuring that the activities are conducted impartially and in the best interest of the unitholders. Importantly, VOC Brazos and its affiliates do not have any managerial influence over the Trust’s operations, maintaining an independent management structure. This autonomy ensures transparent and unbiased administration of the Trust's business affairs.
VOC Energy Trust’s revenue model mainly hinges on the net proceeds from the sale of production from its underlying properties. The Trust is entitled to a significant portion of the income generated from these sales, which is then distributed to the unitholders as dividends. This structure offers a steady income stream for investors, making it an attractive investment vehicle for those seeking exposure to the energy sector without the operational complexities of direct ownership of oil and gas properties.
Recent developments and news related to VOC Energy Trust can significantly impact its financial performance and, consequently, the returns distributed to the unitholders. Keeping abreast of these updates is crucial for current and prospective investors. The Trust's latest achievements, ongoing projects, and financial health are regularly disclosed, ensuring transparency and keeping the stakeholders well-informed.
VOC Energy Trust (NYSE:VOC) has announced its quarterly distribution for the period ended September 30, 2024. Unitholders of record on October 30, 2024, will receive $0.18 per unit, totaling $3,060,000, payable on November 14, 2024. The Trust reported sales volumes of 113,737 barrels of oil and 65,152 Mcf of natural gas, totaling 124,596 BOE. Average sales prices were $75.35 per barrel for oil and $2.71 per Mcf for natural gas.
Total gross proceeds amounted to $8,746,955, with costs including lease operating expenses, taxes, and development expenses totaling $4,693,801. The net proceeds were $4,053,154, of which 80% ($3,242,523) was applicable to the Trust's Net Profits Interest. After accounting for estimated Trust expenses, the net cash proceeds available for distribution were $3,060,000.
VOC Energy Trust (NYSE: VOC) has announced its quarterly distribution for the period ending June 30, 2024. Unitholders of record on July 30, 2024, will receive a distribution of $3,060,000, or $0.18 per unit, payable on August 14, 2024.
The Trust reported sales volumes of 126,975 BOE, with average sales prices of $78.36 per barrel for oil and $2.74 per Mcf for natural gas. Total gross proceeds were $9,270,907, while total costs amounted to $5,022,634. The net proceeds applicable to the Trust's 80% Net Profits Interest were $3,398,618.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of
VOC Energy Trust (NYSE: VOC) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the SEC on March 16, 2023. The report is accessible on the Trust’s website and the SEC's official site. Unitholders can request a printed copy of the report, which includes audited financial statements, at no charge. For further inquiries, they can contact Elaina C. Rodgers at The Bank of New York Mellon Trust Company, N.A. in Houston, TX.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of
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