Pacific Coast Oil Trust Announces Monthly Net Profits Interest Calculations
Pacific Coast Oil Trust announced there will be no cash distribution for May 2026, stating that payments from its sponsor are insufficient to cover administrative expenses and outstanding debt. The Trust noted that the likelihood of future distributions is extremely remote given the approximately $13.7 million debt owed to Pacific Coast Energy Company (PCEC) and ongoing deductions for legal fees and asset retirement obligations.
Key figures
- Shortfall
- 245000
- Debt to pcec
- 13700000
- Aro adjustment developed
- 474000
- Aro adjustment remaining
- 144000
- Developed properties revenue
- 2900000
- Net amount payable remaining
- 21000
- Net profit deficit developed
- 10700000
- Production decrease orcutt bbls
- 13723
- Developed properties avg price boe
- 87.66
- Remaining properties avg price boe
- 76.6
- Developed properties operating income
- 1010000
AI analysis
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