VOC Energy Trust
(NYSE: VOC)
+0.43
+3.30%
| Exchange: | NYSE |
| Stock: | VOC Energy Trust |
| Industry: | Independent Oil & Gas |
| Employees: | NA |
| VOC Energy Trust is a statutory trust formed by VOC Sponsor to own a term net profits interest representing the right to receive 80% of the net proceeds rom production from substantially all of the interests in oil and natural gas properties in the states of Kansas and Texas held by VOC Sponsor as of the date of the conveyance of the net profits interest to the trust. As of December 31, 2009, the Underlying Properties produced predominantly oil from approximately 892 gross (550.2 net) wells located in 193 fields and had a projected reserve life in excess of 50 years. As of December 31, 2009, the total proved reserves attributable to the Underlying Properties were 13 million barrels of oil equivalent (MMBoe), of which approximately 84% were classified as proved developed producing reserves, and approximately 92% were oil and approximately 8% were natural gas. |
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