VOC Energy Trust Announces Trust Quarterly Distribution
October 19 2017 - 4:15PM
Business Wire
VOC Energy Trust (NYSE: VOC) announced the Trust distribution of
net profits for the third quarterly payment period ended September
30, 2017.
Unitholders of record on October 30, 2017 will receive a
distribution amounting to $1,615,000 or $0.095 per unit, payable
November 14, 2017.
Volumes, average sales prices and net profits for the payment
period were:
Sales volumes: Oil (Bbl) 131,640 Natural gas (Mcf) 80,313
Total (BOE) 145,026 Average sales prices: Oil (per Bbl) $ 43.07
Natural gas (per Mcf) $ 2.83 Gross proceeds: Oil sales $ 5,669,160
Natural gas sales 226,973 Total gross proceeds $
5,896,133 Costs:
Lease operating expenses $ 2,923,123 Production and property taxes
148,442 Development expenses 651,382 Total costs $
3,722,947 Net proceeds $ 2,173,186 Percentage applicable to
Trust’s Net Profits Interest 80 % Net profits interest $
1,738,549 Increase in cash reserve held by VOC Brazos Energy
Partners, L.P. 0 Total cash proceeds available for
the Trust $ 1,738,549 Provision for estimated Trust expenses
(123,549 ) Net cash proceeds available for distribution $ 1,615,000
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 September 30, 2017. 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, and other risk
factors described in the Trust’s Form 10-K for the year ended
December 31, 2016 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 obligation, to update any of the
statements included in this press release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171019005893/en/
VOC Energy TrustThe Bank of New York Mellon Trust Company,
N.A., as TrusteeMike Ulrich, 512-236-6599
Voc Energy (NYSE:VOC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Voc Energy (NYSE:VOC)
Historical Stock Chart
From Sep 2023 to Sep 2024