Pacific Coast Oil Trust Reports Earnings Results for the Month of January 2018; Provides Earnings and Production Guidance for the Year 2018
For the year 2018, the company expects net profits interest to be $9.3 million - $13.0 million, capital expenditures to be $6.8 million - $6.5 million and total trust cash flow to be $8.2 million - $11.8 million.
For the year 2018, the company expects daily net production 2,450 boe/d to 2,580 boe/d a year ago. Orcutt daily oil production of 520 bbl/d to 550 bbl/d.