3 unchanged sentences
Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed by the trust is accumulated and communicated by VOC Brazos to The Bank of New York Mellon Trust Company, N.A., as trustee of the trust, and its employees who participate in the preparation of the trust’s periodic reports as appropriate to allow timely decisions regarding required disclosure.
−Removed: TABLE OF CONTENTS
As of the end of the period covered by this report, the trustee carried out an evaluation of the trust’s disclosure controls and procedures.
8 unchanged sentences
Trustee’s Report on Internal Control Over Financial Reporting.
−Removed: The trustee is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rules 13a-15(f), by the trust.
+Added: The trustee is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f), by the trust.
The trust’s internal control over financial reporting is a process designed under the supervision of the trustee to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the trust’s financial statements for external purposes in accordance with the accounting permitted for royalty trusts by the SEC as specified by Staff Accounting Bulletin Topic 12:E, Financial Statements of Royalty Trusts, which is a comprehensive basis of accounting other than generally accepted accounting principles.
19 unchanged sentences
Security Ownership of Certain Beneficial Owners.
−Removed: The following table sets forth certain information regarding the beneficial ownership of our trust units as of March 17, 2022 by each person who, to our knowledge, beneficially owns more than 5% of the outstanding trust units.
+Added: The following table sets forth certain information regarding the beneficial ownership of the trust units as of March 16, 2023 by each person who, to the trust’s knowledge, beneficially owns more than 5% of the outstanding trust units.
Beneficial Owner
24 unchanged sentences
The annual fee is payable in equal quarterly installments and increases by 4% each year.
−Removed: For 2019, 2020 and 2021, $75,995 (representing three quarters), $104,690 (representing four quarters)and $136,620 (representing five quarters), respectively, was paid to VOC Brazos as administrative fees.
+Added: For 2020, 2021 and 2022, $104,690 (representing four quarters), $136,620 (representing five quarters) and $114,330 (representing four quarters), respectively, was paid to VOC Brazos as administrative fees.
The administrative services agreement will terminate upon the termination of the net profits interest unless earlier terminated by mutual agreement of the trustee and VOC Brazos.
23 unchanged sentences
VOC Energy Trust
−Removed: Report of Independent Registered Public Accounting Firm (PCAOB ID Number 248)
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID
Statements of Assets and Trust Corpus
18 unchanged sentences
Certification filed pursuant to Section 302 of the Sarbanes Oxley Act of 2002
−Removed: TABLE OF CONTENTS
Certification furnished pursuant to Section 906 of the Sarbanes Oxley Act of 2002
+Added: TABLE OF CONTENTS
Report of Cawley, Gillespie & Associates, Inc., Petroleum Consultants
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.