VOC Energy Trust : Announces Trust Quarterly Distribution - Form 8-K
October 20, 2021 at 04:23 pm EDT
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VOC Energy Trust Announces Trust Quarterly Distribution
VOC ENERGY TRUST
The Bank of New York Mellon Trust Company, N.A., Trustee
NEWS RELEASE
FOR IMMEDIATE RELEASE
Houston, Texas, October 20, 2021 - VOC Energy Trust (NYSE Symbol - VOC) announced the Trust distribution of net profits for the third quarterly payment period ended September 30, 2021.
Unitholders of record on November 1, 2021 will receive a distribution amounting to $3,400,000 or $0.20 per unit, payable November 12, 2021.
Volumes, average sales prices and net profits for the payment period were:
Sales volumes:
Oil (Bbl)
141,750
Natural gas (Mcf)
88,288
Total (BOE)
156,465
Average sales prices:
Oil (per Bbl)
$
67.27
Natural gas (per Mcf)
$
3.85
Gross proceeds:
Oil sales
$
9,535,211
Natural gas sales
340,216
Total gross proceeds
$
9,875,427
Costs:
Lease operating expenses
$
3,081,564
Production and property taxes
274,199
Development expenses
2,056,977
Total costs
$
5,412,740
Net proceeds
$
4,462,687
Percentage applicable to Trust's Net Profits Interest
80
%
Net profits interest
$
3,570,150
Increase in cash reserve held by VOC Brazos Energy Partners, L.P.
0
Total cash proceeds available for the Trust
$
3,570,150
Provision for estimated Trust expenses
170,150
Net cash proceeds available for distribution
$
3,400,000
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, 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
Elaina Rodgers
(713) 483-6020
601 Travis Street, Floor 16, Houston, TX 77002
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VOC Energy Trust published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 20:21:43 UTC.
VOC Energy Trust (the Trust) is a statutory trust formed by VOC Brazos Energy Partners, L.P. (VOC Brazos). The Trust is managed by The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee). The Trust is created to acquire and hold the net profits interest for the benefit of the trust unitholders. VOC Brazoâs properties included interests in approximately 739 gross (454.6 net) producing wells and included 81,095 gross (50,310.7 net) acres. The underlying properties are interests in developing properties located in the oil and natural gas producing regions of Kansas and Texas. The fields in the Central Kansas Uplift include Fairport Field, Marcotte Field and Chase-Silica Field. The fields in Western Kansas include the Bindley, Griston SW and Rosa Northwest fields. The fields in South Central Kansas include the Gerberding, Spivey Grabs and Alford fields, which are produced primarily from the Mississippian, Simpson and Lansing Kansas City zones.
VOC ENERGY TRUST 
