other material
confidence high
sentiment negative
materiality 0.55
VOC Energy Trust Q4 distribution $0.19/unit; winter storms to defer 12,500-15,000 bbl
VOC Energy Trust
- Distribution of $3.23M ($0.19/unit) payable Feb 14, 2024 to holders of record Jan 30, 2024.
- Sales volumes: 116,405 Bbl oil, 67,921 Mcf gas (127,725 BOE); avg oil $81.39/bbl, gas $3.24/mcf.
- Net proceeds $4.505M; Trust's 80% NPI = $3.604M; after expenses $3.23M distributed.
- Severe winter storms in KS/TX curtailed production; ~12,500-15,000 net bbl deferred for Q1 2024 period.
- VOC Brazos expects most curtailed production restored by end of Jan 2024; storm effects to diminish by Q2 2024.