8-K

VOC Energy Trust (VOC)

8-K 2022-10-20 For: 2022-10-20
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Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington**,D.C. 20549**

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 20, 2022

VOC Energy Trust

(Exact name of registrant as specified in its charter)

Delaware 00****1-35160 80-6183103
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
The Bank of New York Mellon Trust Company, N.A., Trustee<br><br> <br>Global Corporate Trust<br><br> <br>601 Travis Street, Floor 16<br><br> <br>Houston, Texas 77002
--- ---
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 1-713-483-6020

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Units of Beneficial Interest VOC The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On October **** 20, 2022, VOC Energy Trust issued a press release announcing the Trust quarterly distribution for the payment period ended September **** 30, 2022. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Pursuant to General Instruction B.2 of Form 8-K, the press release attached as Exhibit 99.1 is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing by VOC Energy Trust under the Exchange Act or the Securities Act of 1933, as amended, but is instead “furnished” for purposes of that instruction.

Item 9.01 Financial Statements and Exhibits.

(d)****Exhibits.

Exhibit No. Description
99.1 VOC Energy Trust Press Release issued October **** 20, 2022.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

VOC Energy Trust
By: The Bank of New York Mellon Trust Company, N.A., as Trustee
Date: October **** 20, 2022 By: /s/ Elaina C. Rodgers
Elaina C. Rodgers
Vice President

Exhibit 99.1

VOC Energy Trust

VOC Energy Trust Announces Trust QuarterlyDistribution

VOC ENERGY TRUST

The Bank ofNew York Mellon Trust Company, N.A., Trustee


NEWS RELEASE

FOR IMMEDIATERELEASE

Houston, Texas, October 20, 2022 — VOC Energy Trust (NYSE Symbol — VOC) announced the Trust distribution of net profits for the quarterly payment period ended September 30, 2022.

Unitholders of record on October 31, 2022 will receive a distribution amounting to $6,205,000 or $0.365 per unit, payable November 14, 2022.

Volumes, average sales prices and net profits for the payment period were:

Sales volumes:
Oil (Bbl) 131,660
Natural gas (Mcf) 76,472
Total (BOE) 144,405
Average sales prices:
Oil (per Bbl) $ 100.12
Natural gas (per Mcf) $ 8.44
Gross proceeds:
Oil sales $ 13,181,203
Natural gas sales 645,563
Total gross proceeds $ 13,826,766
Costs:
Lease operating expenses $ 3,690,855
Production and property taxes 366,704
Development expenses 1,267,370
Total costs $ 5,324,929
Net proceeds $ 8,501,837
Percentage applicable to Trust’s Net Profits Interest 80 %
Net profits interest $ 6,801,470
Increase in cash reserve held by VOC Brazos Energy Partners, L.P. 0
Total cash proceeds available for the Trust $ 6,801,470
Provision for current estimated Trust expenses (240,000 )
Amount withheld for future Trust expenses (356,470 )
Net cash proceeds available for distribution $ 6,205,000

As previously disclosed, in November 2021, the Trustee notified VOC Brazos Energy Partners, L.P. (“VOC Brazos”) that the Trustee intends to build a reserve for the payment of future known, anticipated or contingent expenses or liabilities, commencing with the distribution payable in the first quarter of 2022. The Trustee intends to withhold a portion of the proceeds otherwise available for distribution each quarter to gradually build a cash reserve to approximately $1.175 million. This amount is in addition to the letter of credit in the amount of $1.7 million provided to the Trustee by VOC Partners to protect the Trust against the risk that it does not have sufficient cash to pay future expenses. The Trustee may increase or decrease the targeted amount at any time and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the Trust Agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold $356,470 from the proceeds otherwise available for distribution this quarter, for a total amount of $943,970 withheld to date.

This press release contains forward-looking statements. Although VOC Brazos has advised the Trust that VOC Brazos believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2022. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Contact: VOC Energy Trust

The Bank of New York MellonTrust Company, N.A., as Trustee

Elaina Rodgers

(713) 483-6020

601 Travis Street, Floor16, Houston, TX 77002

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