VOC Energy Trust Announces Trust Quarterly Distribution

VOC Energy Trust (NYSE: VOC) announced the Trust distribution of net profits for the fourth quarterly payment period ended December 31, 2017.

Unitholders of record on April 30, 2018 will receive a distribution amounting to $3,060,000 or $0.18 per unit, payable May 15, 2018.

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

    
      
        
          Sales volumes:
        
        
           
        
        
           
        
        
        
      
      
        
          Oil (Bbl)
        
        
        
        
        
        
        
        
          128,000
        
        
        
      
      
        
          Natural gas (Mcf)
        
        
        
        
        
        
        
        
          82,681
        
        
        
      
      
        
          Total (BOE)
        
        
        
        
        
        
        
        
          141,780
        
        
        
      
      
        
          Average sales prices:
        
        
        
        
        
        
        
      
      
        
          Oil (per Bbl)
        
        
        
        
        
        
          $
        
        
          58.46
        
        
        
      
      
        
          Natural gas (per Mcf)
        
        
        
        
        
        
          $
        
        
          3.35
        
        
        
      
      
        
          Gross proceeds:
        
        
        
        
        
        
        
      
      
        
          Oil sales
        
        
        
        
        
        
          $
        
        
          7,482,816
        
        
        
      
      
        
          Natural gas sales
        
        
        
        
        
        
           
        
        
          276,685
        
        
           
        
      
      
        
          Total gross proceeds
        
        
        
        
        
        
          $
        
        
          7,759,501
        
        
        
      
      
        
          Costs:
        
        
        
        
        
        
        
      
      
        
          Lease operating expenses
        
        
        
        
        
        
          $
        
        
          3,085,442
        
        
        
      
      
        
          Production and property taxes
        
        
        
        
        
        
        
        
          206,039
        
        
        
      
      
        
          Development expenses
        
        
        
        
        
        
           
        
        
          362,442
        
        
           
        
      
      
        
          Total costs
        
        
        
        
        
        
          $
        
        
          3,653,923
        
        
           
        
      
      
        
          Net proceeds
        
        
        
        
        
        
          $
        
        
          4,105,578
        
        
        
      
      
        
          Percentage applicable to Trust’s Net Profits Interest
        
        
        
        
        
        
           
        
        
          80
        
        
          %
        
      
      
        
          Net profits interest
        
        
        
        
        
        
          $
        
        
          3,284,462
        
        
        
      
      
        
          Increase in cash reserve held by VOC Brazos Energy Partners, L.P.
        
        
        
        
        
        
           
        
        
          0
        
        
           
        
      
      
        
          Total cash proceeds available for the Trust
        
        
        
        
        
        
          $
        
        
          3,284,462
        
        
        
      
      
        
          Provision for estimated Trust expenses
        
        
        
        
        
        
           
        
        
          (224,462
        
        
          )
        
      
      
        
          Net cash proceeds available for distribution
        
        
        
        
        
        
          $
        
        
          3,060,000
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. 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 March 31, 2018. 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, and other risk factors described in the Trust’s Form 10-K for the year ended December 31, 2017 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 obligation, to update any of the statements included in this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180419005142/en/

VOC Energy TrustThe Bank of New York Mellon Trust Company, N.A., as TrusteeMike Ulrich, 512-236-6599