VOC Energy Trust Announces Trust Quarterly Distribution
Unitholders of record on
Volumes, average sales prices and net profits for the payment period were:
Sales volumes: |
|
|
||
Oil (Bbl) |
|
|
109,667 |
|
Natural gas (Mcf) |
|
|
58,971 |
|
Total (BOE) |
|
|
119,496 |
|
Average sales prices: |
|
|
||
Oil (per Bbl) |
|
$ |
69.32 |
|
Natural gas (per Mcf) |
|
$ |
3.57 |
|
Gross proceeds: |
|
|
||
Oil sales |
|
$ |
7,601,741 |
|
Natural gas sales |
|
|
210,767 |
|
Total gross proceeds |
|
$ |
7,812,508 |
|
Costs: |
|
|
||
Lease operating expenses |
|
$ |
3,687,150 |
|
Production and property taxes |
|
|
205,576 |
|
Development expenses |
|
|
813,595 |
|
Total costs |
|
$ |
4,706,321 |
|
Net proceeds |
|
$ |
3,106,187 |
|
Percentage applicable to Trust’s Net Profits Interest |
|
|
80 |
% |
Net profits interest |
|
$ |
2,484,950 |
|
Increase in cash reserve held by |
|
|
0 |
|
Total cash proceeds available for the Trust |
|
$ |
2,484,950 |
|
Provision for current estimated Trust expenses |
|
|
(274,950 |
) |
Net cash proceeds available for distribution |
|
$ |
2,210,000 |
|
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
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