Established in 2010, VOC Energy Trust holds a passive net profits interest entitling it to 80% of net proceeds from VOC Brazos-operated oil and gas assets. The Trust’s revenues and distributions have remained relatively stable due to its contractual structure, despite exposure to commodity price volatility and operator performance. Its net profits interest expires either in 2030 or upon reaching specified production thresholds, capping long-term growth. Capital expenditures are tightly controlled by contractual limits, influencing reserve additions and cash flow sustainability. Unitholders receive quarterly cash distributions predominantly driven by external production outcomes without operational control or leverage.