Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 17, 2025

 

VOC Energy Trust

(Exact name of registrant as specified in its charter)

 

Delaware	001-35160	80-6183103
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

 

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)

 

Registrant’s telephone number, including area code: 1-713-483-6020

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 Beneficial Interest	VOC	The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 2.02

Results of Operations and Financial Condition.

 

On January 17, 2025, VOC Energy Trust issued a press release announcing the Trust quarterly distribution for the payment period ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

  

Pursuant to General Instruction B.2 of Form 8-K, the press release attached as Exhibit 99.1 is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing by VOC Energy Trust under the Exchange Act or the Securities Act of 1933, as amended, but is instead “furnished” for purposes of that instruction.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)    Exhibits.

 

Exhibit No.	Description
99.1	VOC Energy Trust Press Release issued January 17, 2025.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on Its behalf by the undersigned hereunto duly authorized.

 

	VOC Energy Trust
	By:	The Bank of New York Mellon Trust Company, N.A., as Trustee
Date: January 17, 2025		By:	/s/ Elaina C. Rodgers
			Elaina C. Rodgers
			Vice President

 

 

 

 

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, January 17, 2025 — VOC Energy Trust (NYSE Symbol — 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)			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.

 

Contact:	VOC Energy Trust
	The Bank of New York Mellon Trust Company, N.A., as Trustee
	Elaina Rodgers
	[phone]
	601 Travis Street, Floor 16, Houston, TX 77002

 

 

 

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