VOC Energy Trust Announces Trust Quarterly Distribution

  VOC Energy Trust Announces Trust Quarterly Distribution

Business Wire

AUSTIN, Texas -- January 17, 2013

VOC Energy Trust (NYSE:VOC) announced the Trust distribution of Net Profits
for the fourth quarterly payment period ended December 31, 2012.

Unitholders of record on January 30, 2013 will receive a distribution
amounting to $4,420,000 or $0.26 per unit, payable February 14, 2013.

The underlying oil and gas properties subject to the Trust’s net profits
interest include properties located in Brazos County, Texas. VOC Brazos is
continuing to develop the Woodbine C Sand underlying the Kurten Woodbine Unit
in the area, utilizing horizontal wells completed with multiple fracture
stimulations together with recompletions of existing vertical wellbores into
additional pay intervals. In September 2012, VOC Brazos began producing from
the first of three horizontal wells planned for 2012. The second horizontal
well was abandoned due to mechanical issues with the wellbore. As a result of
the abandoned horizontal well, future production volumes for the underlying
properties associated with the one well in the Kurten Woodbine Unit, which has
105 producing wells, will be delayed. VOC Brazos has informed the Trust that
the remaining cost of the abandoned well with respect to the Trust’s net
profits interest is approximately $2.0 million, which was included in
calculating this announced quarterly distribution. While this announced
distribution and future distributions to the Trust from the net profits
interest are anticipated to be impacted by this event, this event does not
impair the reserves in the Kurten Field, and the Trust will not lose barrels
in connection with calculating the term of the net profits interest.
Additionally, VOC Brazos may elect to drill the abandoned well from a new
location in 2013. The third horizontal well planned for 2012 was spudded in
October 2012 and put on production in December 2012.

Volumes, price and net profits for the payment period were:

Volume (BOE)                                                     216,954
Proceeds (per BOE)                                              $ 79.74
Gross Proceeds                                                  $ 17,298,985
Costs                                                           $ 12,052,259
Net Profits                                                     $ 5,246,726
Percentage applicable to Trust’s 80%
Net Profits Interest                                            $ 4,197,381
                                                                
Decrease in cash reserve held by VOC Brazos Energy Partners,    $ 250,000
L.P.
Total cash proceeds available for the Trust                     $ 4,447,381
Provision for estimated Trust expenses                          $ (27,381    )
Net cash proceeds available for distribution                    $ 4,420,000
                                                                             

This press release contains forward-looking statements. Although VOC Brazos
Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners,
L.P. 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
December 31, 2012. 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, and other
risk factors described in the Trust’s Form 10-K for the year ended December
31, 2011 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 obligation, to update
any of the statements included in this press release.

Contact:

VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich, 855-802-1094
 
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