Welcome to our dedicated page for VOC ENERGY TRUST news (Ticker: VOC), a resource for investors and traders seeking the latest updates and insights on VOC ENERGY TRUST stock.
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) announced a net profit distribution of $6,205,000 or $0.365 per unit for the quarter ending September 30, 2022. Unitholders of record on October 31, 2022, will receive this amount on November 14, 2022. The Trust reported oil sales of 131,660 Bbl and natural gas sales of 76,472 Mcf, with total gross proceeds of $13,826,766. Total expenses amounted to $5,324,929, resulting in net proceeds of $8,501,837. The Trustee is building a reserve for future expenses, withholding $356,470 this quarter.
VOC Energy Trust announced a second quarterly net profits distribution of
VOC Energy Trust (NYSE: VOC) announced a first-quarter distribution of net profits for the period ending March 31, 2022. Unitholders of record on May 2, 2022, will receive a total distribution of $4,760,000, equating to $0.28 per unit, payable on May 13, 2022. The Trust reported sales volumes of 124,939 barrels of oil and 80,423 Mcf of natural gas, resulting in total gross proceeds of $10,374,559. After costs of $3,895,583, net proceeds available for distribution amount to $4,760,000. A reserve for future expenses is being established, with $182,917 withheld this quarter.
VOC Energy Trust (NYSE: VOC) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021 with the U.S. Securities and Exchange Commission on March 17, 2022. The report is accessible on the Trust's website and on the SEC's site. Unitholders can request a printed copy that includes audited financial statements for free by writing to the Trust's Trustee, The Bank of New York Mellon Trust Company.
VOC Energy Trust (NYSE: VOC) has announced a distribution of net profits of $4,250,000, equivalent to $0.25 per unit, for the fourth quarterly payment period ending December 31, 2021. Unitholders of record on February 1, 2022, will receive this distribution on February 14, 2022. The total sales volumes included 135,762 barrels of oil and 84,632 Mcf of natural gas, generating total gross proceeds of $10,507,066, with net proceeds of $5,890,233. The Trust intends to build a cash reserve of $1.175 million for future expenses, withholding $182,917 from this quarter's distribution.
VOC Energy Trust (NYSE: VOC) announced a distribution of net profits for the quarterly period ending September 30, 2021. Unitholders of record on November 1, 2021, will receive a total distribution of $3,400,000 or $0.20 per unit, payable on November 12, 2021. Key performance metrics include sales volumes of 141,750 barrels of oil and 88,288 Mcf of natural gas, generating gross proceeds of approximately $9,875,427. The Trust's net cash proceeds available for distribution amount to $3,400,000 after accounting for estimated expenses.
VOC Energy Trust (NYSE: VOC) announced a net profit distribution of $2,720,000, equating to $0.16 per unit for the second quarter ending June 30, 2021. This payment is scheduled for August 13, 2021, for unitholders of record by July 30, 2021. During this period, the Trust reported oil sales of $7,679,568 from 128,814 barrels and natural gas sales of $258,788 from 78,734 Mcf. Total gross proceeds reached $7,938,356, while total costs were $4,384,015, resulting in net proceeds of $3,554,341.
VOC Energy Trust (NYSE: VOC) announced a quarterly distribution of net profits for the period ending March 31, 2021. Unitholders on record by April 30, 2021, will receive $2,040,000, equating to $0.12 per unit, payable on May 14, 2021. The period saw oil sales of 121,019 barrels at an average price of $48.53 per barrel, contributing to total gross proceeds of $6,123,007. After expenses totaling $3,206,782, net proceeds available for distribution amounted to $2,040,000. The Trust warns of potential variances based on actual cash receipts from operations.
VOC Energy Trust (NYSE: VOC) submitted its Annual Report on Form 10-K for the year ending December 31, 2020, to the U.S. SEC on March 16, 2021. The report can be accessed in the Trust's SEC Filings section on its website or directly on the SEC’s website. Unitholders are eligible to request a printed version of the report, which includes audited financial statements, at no cost. To request the report, they can contact Elaina C. Rodgers at The Bank of New York Mellon Trust Company in Houston.
VOC Energy Trust (NYSE: VOC) announced a fourth quarterly distribution of net profits amounting to $510,000 or $0.03 per unit, payable on February 12, 2021, to unitholders recorded on February 1, 2021. The report detailed sales volumes of 136,583 Bbl of oil and 95,986 Mcf of natural gas, totaling 152,581 BOE. Average sales prices were $36.26 per Bbl for oil and $2.07 per Mcf for natural gas. The net cash proceeds available for distribution were reported at $510,000.
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