VOC Energy Trust Announces Trust Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--January 17, 2025-- 

VOC Energy Trust $(VOC)$ announced the Trust distribution of net profits for the quarterly payment period ended December 31, 2024.

Unitholders of record on January 30, 2025 will receive a distribution amounting to $1,445,000 or $0.085 per unit, payable February 13, 2025.

Volumes, average sales prices and net profits for the payment period were:

 
Sales volumes: 
   Oil (Bbl)                                                     109,158 
   Natural gas (Mcf)                                              66,598 
      Total $(BOE.AU)$                                                120,258 
Average sales prices: 
   Oil (per Bbl)                                              $    67.71 
   Natural gas (per Mcf)                                      $     2.57 
Gross proceeds: 
   Oil sales                                                  $7,390,709 
   Natural gas sales                                             170,909 
                                                               --------- 
      Total gross proceeds                                    $7,561,618 
Costs: 
   Lease operating expenses                                   $3,431,201 
   Production and property taxes                                 842,349 
   Development expenses                                          914,543 
                                                               --------- 
      Total costs                                             $5,188,093 
                                                               --------- 
Net proceeds                                                  $2,373,525 
Percentage applicable to Trust's Net Profits Interest                 80% 
                                                              ---------- 
   Net profits interest                                       $1,898,820 
Increase in cash reserve held by VOC Brazos Energy Partners, 
 L.P.                                                                  0 
                                                               --------- 
Total cash proceeds available for the Trust                   $1,898,820 
Provision for current estimated Trust expenses                  (453,820) 
                                                               --------- 
Net cash proceeds available for distribution                  $1,445,000 
                                                               ========= 
 

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 December 31, 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/20250117551149/en/

 
    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

(END) Dow Jones Newswires

January 17, 2025 16:15 ET (21:15 GMT)