VOC Energy Trust Reports Earnings Results for the Fourth Quarter Ended December 31, 2012; Announces Distribution for the Fourth Quarter Ended December 31, 2012, Payable on February 14, 2013
January 17, 2013 at 04:00 pm EST
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VOC Energy Trust reported earnings results for the fourth quarter ended December 31, 2012. For the quarter, the company's net profit was $5,246,726 and gross proceeds were $17,298,985.
VOC Energy Trust announced the Trust distribution of net profits for the fourth quarterly payment period ended December 31, 2012. Unit holders of record on January 30, 2013 will receive a distribution amounting to $4,420,000 or $0.26 per unit, payable on February 14, 2013.
VOC Energy Trust (the Trust) is a statutory trust formed by VOC Brazos Energy Partners, L.P. (VOC Brazos). The Trust is managed by The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee). The Trust is created to acquire and hold the net profits interest for the benefit of the trust unitholders. VOC Brazoâs properties included interests in approximately 739 gross (454.6 net) producing wells and included 81,095 gross (50,310.7 net) acres. The underlying properties are interests in developing properties located in the oil and natural gas producing regions of Kansas and Texas. The fields in the Central Kansas Uplift include Fairport Field, Marcotte Field and Chase-Silica Field. The fields in Western Kansas include the Bindley, Griston SW and Rosa Northwest fields. The fields in South Central Kansas include the Gerberding, Spivey Grabs and Alford fields, which are produced primarily from the Mississippian, Simpson and Lansing Kansas City zones.
VOC Energy Trust Reports Earnings Results for the Fourth Quarter Ended December 31, 2012; Announces Distribution for the Fourth Quarter Ended December 31, 2012, Payable on February 14, 2013