secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Coast Oil Trust (—)
CIK:        0001538822
Form:       8-K
Filed at:   2026-05-29T20:16:16+00:00
Accession:  0001104659-26-068279
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pacific Coast Oil Trust: no May distribution, $13.7M owed to PCEC, dissolution pending litigation
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- No cash distribution for May 2026 (March net profits); future distributions 'extremely remote'.
- Cumulative net profits deficit $11.7M (Developed) and $65K (Remaining); Trust owes PCEC $13.7M.
- Derivative lawsuit filed May 20, 2026 against Trustee alleging breach of fiduciary duty over ARO deductions.
- Dissolution triggered (cash proceeds <$2M in 2020/2021) but delayed by ongoing Evergreen/PCEC arbitrations.
- Average realized price $84.94/Boe (March) vs $53.14 (Feb) for Developed Properties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926068279/0001104659-26-068279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926068279/tm2616038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-068279

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