Workflow
VOC Energy Trust(VOC) - 2024 Q4 - Annual Results
VOCVOC Energy Trust(VOC)2025-01-17 21:16

Financial Distribution - VOC Energy Trust announced a quarterly distribution of net profits amounting to 1,445,000or1,445,000 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].ThepercentageapplicabletotheTrustsNetProfitsInterestwas801,445,000[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 67.71perbarrelforoiland67.71 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,withoilsalescontributing7,561,618, with oil sales contributing 7,390,709[3]. Costs and Expenses - Total costs incurred during the period were 5,188,093,includingleaseoperatingexpensesof5,188,093, 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].