VOC Energy Trust Announces Operating and Earnings Results for the Fourth Quarter Ended December 31, 2018
January 18, 2019 at 02:35 am IST
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VOC Energy Trust announced operating and earnings results for the fourth quarter ended December 31, 2018. For the quarter, the company announced oil sales volume of 127,081 Bbl, natural gas sales volume of 77,731 Mcf and total sales volumes of 140,036 BOE.
For the quarter, the company announced oil sales of $8,028,371. Natural gas sales were $262,183. Net profits interest was $2,610,130.
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.