VOC Energy Trust Announces Trust Quarterly Distribution
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) ha annunciato la sua distribuzione trimestrale per il periodo terminato il 30 settembre 2024. I detentori di unità registrati il 30 ottobre 2024 riceveranno $0.18 per unità, per un totale di $3,060,000, pagabili il 14 novembre 2024. Il Trust ha riportato volumi di vendita di 113,737 barili di petrolio e 65,152 Mcf di gas naturale, per un totale di 124,596 BOE. I prezzi di vendita medi erano di $75.35 per barile di petrolio e $2.71 per Mcf di gas naturale.
Il totale dei proventi lordi è ammontato a $8,746,955, con costi, tra cui spese operative di locazione, tasse e spese di sviluppo, che ammontano a $4,693,801. I proventi netti erano di $4,053,154, di cui l'80% ($3,242,523) si riferiva agli Interessi sui Profitti Netti del Trust. Dopo aver tenuto conto delle spese stimate del Trust, i proventi netti disponibili per la distribuzione ammontavano a $3,060,000.
VOC Energy Trust (NYSE:VOC) ha anunciado su distribución trimestral para el periodo que finalizó el 30 de septiembre de 2024. Los titulares de unidades registrados el 30 de octubre de 2024 recibirán $0.18 por unidad, totalizando $3,060,000, pagaderos el 14 de noviembre de 2024. El Trust reportó volúmenes de ventas de 113,737 barriles de petróleo y 65,152 Mcf de gas natural, totalizando 124,596 BOE. Los precios de venta promedio fueron de $75.35 por barril de petróleo y $2.71 por Mcf de gas natural.
Los ingresos brutos totales ascendieron a $8,746,955, con costos, incluidos gastos operativos de arrendamiento, impuestos y gastos de desarrollo, que totalizaron $4,693,801. Los ingresos netos fueron de $4,053,154, de los cuales el 80% ($3,242,523) se aplicaron al Interés de Ganancias Netas del Trust. Después de contabilizar los gastos estimados del Trust, los ingresos netos disponibles para distribución fueron de $3,060,000.
VOC 에너지 신탁 (NYSE:VOC)은 2024년 9월 30일 종료된 분기 배당금을 발표했습니다. 2024년 10월 30일 기준 유닛 보유자들은 유닛당 $0.18, 총 $3,060,000을 받게 되며, 2024년 11월 14일에 지급됩니다. 신탁은 113,737 배럴의 석유와 65,152 Mcf의 천연가스 판매량을 보고하였으며, 총 124,596 BOE입니다. 평균 판매가는 석유 배럴당 $75.35, 천연가스 Mcf당 $2.71이었습니다.
총 총 수익은 $8,746,955였으며, 임대 운영비, 세금 및 개발 비용을 포함한 비용이 $4,693,801로 집계되었습니다. 순수익은 $4,053,154였으며, 이 중 80%($3,242,523)는 신탁의 순이익에 해당하였습니다. 신탁 예상 비용을 감안할 때, 배당 가능한 순현금 수익은 $3,060,000이었습니다.
VOC Energy Trust (NYSE:VOC) a annoncé sa distribution trimestrielle pour la période se terminant le 30 septembre 2024. Les détenteurs d'unités enregistrés le 30 octobre 2024 recevront 0,18 $ par unité, pour un total de 3 060 000 $, payable le 14 novembre 2024. Le Trust a rapporté des volumes de ventes de 113 737 barils de pétrole et de 65 152 Mcf de gaz naturel, pour un total de 124 596 BOE. Les prix de vente moyens étaient de 75,35 $ par baril de pétrole et de 2,71 $ par Mcf pour le gaz naturel.
Les recettes brutes totales se sont élevées à 8 746 955 $, avec des coûts, y compris les dépenses d'exploitation des baux, les taxes et les dépenses de développement, totalisant 4 693 801 $. Les recettes nettes ont été de 4 053 154 $, dont 80 % (3 242 523 $) étaient applicables à l'Intérêt sur Profits Nets du Trust. Après avoir pris en compte les dépenses estimées du Trust, les recettes nettes disponibles pour distribution s'élevaient à 3 060 000 $.
VOC Energy Trust (NYSE:VOC) hat seine vierteljährliche Ausschüttung für den Zeitraum zum 30. September 2024 bekannt gegeben. Unitholder, die am 30. Oktober 2024 registriert sind, erhalten $0.18 pro Einheit, insgesamt $3,060,000, zahlbar am 14. November 2024. Der Trust berichtete über Verkaufsvolumen von 113,737 Barrel Öl und 65,152 Mcf Erdgas, insgesamt 124,596 BOE. Der Durchschnittspreis für den Verkauf lag bei $75.35 pro Barrel für Öl und $2.71 pro Mcf für Erdgas.
Die gesamten Bruttoeinnahmen beliefen sich auf $8,746,955, wobei die Kosten, einschließlich Betriebs- und Entwicklungskosten, sich auf $4,693,801 beliefen. Die Nettoeinnahmen betrugen $4,053,154, von denen 80% ($3,242,523) auf das Nettoergebnis-Interesse des Trusts entfielen. Nach Abzug der geschätzten Trustkosten betrugen die verfügbaren Nettobarerträge für die Ausschüttung $3,060,000.
- Quarterly distribution of $0.18 per unit announced
- Total distribution amount of $3,060,000
- Oil sales generated $8,570,477 in gross proceeds
- Net proceeds of $4,053,154 achieved
- Natural gas sales only contributed $176,478 to gross proceeds
- Total costs of $4,693,801 reduced net proceeds significantly
Insights
- Oil sales of
$8,570,477 from 113,737 barrels at$75.35 /bbl - Natural gas sales of
$176,478 from 65,152 Mcf at$2.71 /Mcf - Total gross proceeds of
$8,746,955 - Net proceeds of
$4,053,154 after$4,693,801 in costs
Unitholders of record on October 30, 2024 will receive a distribution amounting to
Volumes, average sales prices and net profits for the payment period were:
Sales volumes: |
|
|
||
Oil (Bbl) |
|
113,737 |
||
Natural gas (Mcf) |
|
65,152 |
||
Total (BOE) |
|
124,596 |
||
Average sales prices: |
|
|
||
Oil (per Bbl) |
|
$ |
75.35 |
|
Natural gas (per Mcf) |
|
$ |
2.71 |
|
Gross proceeds: |
|
|
|
|
Oil sales |
|
$ |
8,570,477 |
|
Natural gas sales |
|
|
176,478 |
|
Total gross proceeds |
|
$ |
8,746,955 |
|
Costs: |
|
|
|
|
Lease operating expenses |
|
$ |
3,548,505 |
|
Production and property taxes |
|
|
197,734 |
|
Development expenses |
|
|
947,562 |
|
Total costs |
|
$ |
4,693,801 |
|
Net proceeds |
|
$ |
4,053,154 |
|
Percentage applicable to Trust’s Net Profits Interest |
|
|
||
Net profits interest |
|
$ |
3,242,523 |
|
Increase in cash reserve held by VOC Brazos Energy Partners, L.P. |
|
|
0 |
|
Total cash proceeds available for the Trust |
|
$ |
3,242,523 |
|
Provision for current estimated Trust expenses |
|
|
(182,523) |
|
Net cash proceeds available for distribution |
|
$ |
3,060,000 |
|
This press release contains forward-looking statements. Although 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, 2024. 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, 2023 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/20241017300359/en/
VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
(713) 483-6020
601 Travis Street, Floor 16,
Source: VOC Energy Trust
FAQ
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