VOC Energy Trust (NYSE: 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