---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040572"
form_type: "8-K"
ticker: null
cik: "0001538822"
company_name: "Pacific Coast Oil Trust"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:07:47.847983+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pacific Coast Oil Trust announces no March 2024 distribution; future distributions extremely remote

## Summary
- No cash distribution for March 2024; operating income $1.3M, revenue $3.2M, avg realized price $71.85/Boe.
- Cumulative net profits deficit: $18.1M for Developed Properties, $0.8M for Remaining Properties.
- Trust owes PCEC approximately $5.8M (letter of credit plus promissory note and interest).
- Trust expects to borrow funds to cover administrative expenses; dissolution process ongoing with no successor trustee appointed.
- Orcutt production down 15% YoY due to Phillips 66 pipeline termination; short-term transport contract extended to April 30, 2024.

## SEC filing metadata
- accession: 0001104659-24-040572
- form_type: 8-K
- cik: 0001538822
- company_name: Pacific Coast Oil Trust
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/0001104659-24-040572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/tm249969d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040572
- JSON: https://secwatch.observer/filing/0001104659-24-040572.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040572.txt

## Key facts
- Earnings Releases
  Pacific Coast Oil Trust reported January 2024 results: revenue approximately $3.2 million, net income net profits were approximately $1.1 million.
  - Period: January 2024
  - Revenue: approximately $3.2 million
  - Net income: net profits were approximately $1.1 million
  - Result: reported results
  source text: calculation for the Developed Properties reflected operating income of approximately $1.3 million, as revenues from the Developed Properties were approximately $3.2 million, lease operating expenses including property taxes were approximately $1.9 million, and development costs (including adjustments from prior periods) were approximately $30,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538822/000110465924040572/0001104659-24-040572-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.