Summary
Virexit Technologies Secures Landmark Agreement for MaxClean 756 Air and Surface Purification System Test Pilot in Major U.S. School District, Enhancing Indoor Air and Mitigation of Bacteria, Viruses, Toxic Molds, Fungi, and VOC's to Optimize Occupants' W
After A Successful Outcome of MaxClean 756's Test-Pilot and Full Adoption by School District, Contract Estimated to be up to a Potential $67 Million Dollars [1] Covering 225 Facilities Comprising of More than 28 Million Square Feet of Total Space [2] . Potential Billions in Revenue for VirExit Technologies with Advocacy-Endorsed MaxClean 756 Air and Surface Purification System.
Voc Energy Trust (VOC) FAQ
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Voc Energy Trust Profile
| NYSE Exchange | US Country |
Overview
VOC Energy Trust is a specialized investment entity that focuses on acquiring and managing a term net profits interest in a portfolio of oil and natural gas properties located in Kansas and Texas. Founded in 2010 and headquartered in Houston, Texas, the trust represents an interesting component in the financial landscape of energy investments. As of the end of 2021, VOC Energy Trust's assets included interests in 452.5 net producing wells and spanned over 51,147.2 net acres across its designated operative regions of Kansas and Texas. The company's business model revolves around owning a significant 80% term net profits interest, which essentially gives it a substantial share of the net proceeds from the production and sale of oil and natural gas from its underlying properties. On record as of December 31, 2021, VOC Energy Trust boasted proved reserves of approximately 2.9 million barrels of oil equivalent (MMBoe) attributed to its Kansas properties, and about 5.4 MMBoe attributable to its Texas properties, underscoring the trust’s substantial holdings and investment in energy resources.
Products and Services
- Term Net Profits Interest in Oil and Gas Properties:
The core product offered by VOC Energy Trust is its term net profits interest in oil and natural gas properties located within Kansas and Texas. This financial instrument represents an entitlement to a percentage of the net proceeds from the extraction and sale of oil and gas after the deduction of specific expenses. It's a specialized form of investment that allows investors to directly benefit from the production and sale of these critical energy resources, without having to directly engage in the operations of drilling, extracting, or marketing the commodities.
- Oil and Gas Reserves:
VOC Energy Trust holds significant proved reserves of oil and natural gas, estimated at approximately 2.9 MMBoe for its Kansas properties and roughly 5.4 MMBoe for its Texas properties as of December 31, 2021. In the energy sector, proved reserves are a key indicator of the potential future earnings and sustainability of production operations. These reserves are the estimated quantities of hydrocarbons that analysis of geological and engineering data demonstrates with reasonable certainty to be economically producible under existing economic and operating conditions. Such assets underline the Trust's significant holding and expected revenue stream from these energy resources.
