Workflow
VOC Energy Trust(VOC)
icon
Search documents
VOC Energy Trust(VOC) - 2025 Q1 - Quarterly Results
2025-04-17 20:18
Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to $2,210,000 or $0.13 per unit, payable on May 15, 2025[2]. - Net proceeds available for distribution to the Trust amounted to $2,210,000 after accounting for estimated Trust expenses[3]. Sales Performance - Total sales volumes for the payment period included 109,667 barrels of oil and 58,971 Mcf of natural gas, totaling 119,496 BOE[3]. - Average sales prices were $69.32 per barrel for oil and $3.57 per Mcf for natural gas[3]. - Total gross proceeds from oil and natural gas sales reached $7,812,508, with oil sales contributing $7,601,741[3]. Costs and Expenses - Total costs incurred during the period were $4,706,321, including lease operating expenses of $3,687,150[3]. Trust Operations - The percentage applicable to the Trust's Net Profits Interest was 80%, resulting in a net profits interest of $2,484,950[3]. - The Trust's distributable amount is based on cash received or expected to be received by the Trustee from underlying properties[3]. - There was no increase in cash reserves held by VOC Brazos Energy Partners, L.P.[3]. - The Trust cautions that actual results may differ due to various risk factors, including drilling operations and commodity purchaser payments[3].
VOC Energy Trust(VOC) - 2024 Q4 - Annual Report
2025-03-20 20:10
TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K The Bank of New York Mellon Trust Company, N.A., Trustee Global Corporate Trust 601 Travis Street, Floor 16 Houston, Texas (Address of principal executive offices) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tran ...
VOC Energy Trust(VOC) - 2024 Q4 - Annual Results
2025-01-17 21:16
Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to $1,445,000 or $0.085 per unit for the period ended December 31, 2024[2]. - Net proceeds available for distribution after expenses were $1,445,000[3]. - The percentage applicable to the Trust's Net Profits Interest was 80%, resulting in a net profits interest of $1,898,820[3]. Sales Performance - Total sales volumes for the period included 109,158 barrels of oil and 66,598 Mcf of natural gas, totaling 120,258 BOE[3]. - Average sales prices were $67.71 per barrel for oil and $2.57 per Mcf for natural gas[3]. - Total gross proceeds from oil and natural gas sales were $7,561,618, with oil sales contributing $7,390,709[3]. Costs and Expenses - Total costs incurred during the period were $5,188,093, including lease operating expenses of $3,431,201[3]. - There was no increase in cash reserve held by VOC Brazos Energy Partners, L.P.[3]. Trust Operations - The Trust's distribution is based on cash received or expected to be received by the Trustee prior to the record date[3]. - The Trust does not intend to update any statements included in the press release, which are subject to various risk factors[3].
VOC Energy Trust(VOC) - 2024 Q3 - Quarterly Report
2024-11-07 21:19
Financial Performance - For the quarter ended September 30, 2024, total gross proceeds from oil and natural gas sales were $9,270,907, an increase of $30,322 or 0.3% from $9,240,585 in the same quarter of 2023[37] - The excess of revenues over direct operating expenses and lease equipment and development costs was $4,248,273 for Q3 2024, a decrease of $485,666 or 10.3% from $4,733,939 in Q3 2023[39] - For the nine months ended September 30, 2024, total gross proceeds from oil and natural gas sales were $27,041,669, a decrease of $2,751,509 or 9.2% from $29,793,178 in the same period of 2023[42] - The excess of revenues over direct operating expenses and lease equipment and development costs was $12,975,244 for the nine months ended September 30, 2024, a decrease of $2,447,187 or 15.9% from $15,422,431 in the same period of 2023[44] - Distributable income for the nine months ended September 30, 2024 was $9,350,000, a decrease from $11,390,000 in the same period of 2023[44] Sales Volumes and Prices - Oil sales volumes decreased by 10,367 Bbls or 8.2% to 116,006 Bbls in Q3 2024 compared to 126,373 Bbls in Q3 2023, while natural gas sales volumes decreased by 5,149 Mcf or 7.3% to 65,815 Mcf[37] - Oil sales volumes for the nine months ended September 30, 2024 were 342,945 Bbls, a decrease of 31,799 Bbls or 8.5% from 374,744 Bbls in the same period of 2023[42] - The average price for oil increased by 9.6% to $78.36 per Bbl in Q3 2024, while the average price for natural gas decreased by 5.8% to $2.74 per Mcf[37] - The average price for oil increased by 1.2% to $77.10 per Bbl for the nine months ended September 30, 2024, while the average price for natural gas decreased by 44.3% to $3.03 per Mcf[42] Cash and Reserves - As of September 30, 2024, the Trustee held $1,779,712 in cash and cash equivalents, which includes a cash reserve of $1.175 million[45] - The Trust has established a cash reserve of approximately $1.175 million to cover future known, anticipated, or contingent expenses, in addition to a $1.7 million letter of credit[47] - The cash reserve balance was maintained at $1,000,000 as of September 30, 2024 and 2023, to mitigate the impact of uneven capital expenditure timing[49] Borrowings and Financial Controls - There were no borrowings made by the Trust during the three and nine months ended September 30, 2024 and 2023[46] - The Trustee has not made any changes to the internal control over financial reporting that materially affect the Trust during the quarter ended September 30, 2024[55] - The Trust's disclosure controls and procedures have been evaluated and deemed effective by a Trust Officer[53] Risk Factors and Future Expectations - The Trust does not expect significant changes in future costs for underlying properties, except for fluctuations in general oilfield service costs[49] - The Trust has not experienced any material changes in risk factors as previously disclosed in the Form 10-K[58] - The Trustee may adjust the targeted cash reserve amount and the rate at which funds are withheld without prior notice to unitholders[47] Trading Arrangements - No Rule 10b5-1 trading arrangements were adopted, modified, or terminated by any officer or employee of the Trustee during the three months ended September 30, 2024[59]
VOC Energy Trust(VOC) - 2024 Q3 - Quarterly Results
2024-10-17 20:15
Exhibit 99.1 VOC Energy Trust 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 17, 2024 — VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2024. Unitholders of record on October 30, 2024 will receive a distribution amounting to $3,060,000 or $0.18 per unit, payable November 14, 2024 ...
VOC Energy Trust(VOC) - 2024 Q2 - Quarterly Report
2024-08-09 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units of Beneficial Interest VOC The New York Stock Exchange FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission File Number: 00 ...
VOC Energy Trust(VOC) - 2024 Q2 - Quarterly Results
2024-07-18 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 18, 2024 The Bank of New York Mellon Trust Company, N.A., Trustee Global Corporate Trust 601 Travis Street, Floor 16 Houston, Texas 77002 (Address of principal executive offices) (Zip Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing oblig ...
VOC Energy Trust(VOC) - 2024 Q1 - Quarterly Report
2024-05-08 20:12
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission File Number: 001-35160 VOC ENERGY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the q ...
VOC Energy Trust(VOC) - 2024 Q1 - Quarterly Results
2024-04-18 20:15
On April 18, 2024, VOC Energy Trust issued a press release announcing the Trust quarterly distribution for the payment period ended March 31, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units of Benef ...
VOC Energy Trust(VOC) - 2023 Q4 - Annual Report
2024-03-20 20:15
(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35160 VOC ENERGY TRUST (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ...