Conveyance

Pacific Coast Oil Trust Announces There Will Be No April Cash Distribution

Retrieved on: 
Thursday, April 28, 2022
Energy, Other Energy, Oil, Gas, ARO, Conveyance, Trustee, Time, Calendar, Moss Adams, Securities Exchange Act of 1934, LLC, Contract, Interest, Internet, Method, Net, East Coyote Hills, COVID-19, Court, Accounting standard, Martindale, Report, Evergreen, Superior court, Consultant, Annual report, 410, Arbitration, County, Retirement, SEC, Review, Accounting Standards Codification, Face, Life insurance, Risk management, Ridesharing company, Trust

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

HUGOTON ROYALTY TRUST DECLARES NO APRIL CASH DISTRIBUTION

Retrieved on: 
Tuesday, April 19, 2022
Fraudulent conveyance, Panel, XTO, Trustee, Annual report, Conveyance, Unit, Sale, Simmons Bank, XTO Energy, Income, Exercise, Lawyer, Oil, Security (finance), Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, has paid expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

HUGOTON ROYALTY TRUST DECLARES NO MARCH CASH DISTRIBUTION

Retrieved on: 
Monday, March 21, 2022
Exercise, Sale, XTO Energy, Simmons Bank, Panel, Conveyance, Fraudulent conveyance, XTO, Income, Trustee, Annual report, Lawyer, Unit, Oil, Security (finance), Credit, Reinsurance, Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

Pacific Coast Oil Trust Announces There Will Be No March Cash Distribution

Retrieved on: 
Friday, March 18, 2022
Energy, Other Energy, Oil, Gas, Method, Face, Arbitration, Evergreen, Net, Contract, Superior court, Martindale, Retirement, Internet, Interest, ARO, Conveyance, SEC, Moss Adams, Court, Accounting Standards Codification, Consultant, Review, Calendar, 410, Securities Exchange Act of 1934, Accounting standard, Time, COVID-19, Report, County, Trustee, Annual report, Life insurance, Risk management, Ridesharing company, Trust

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

Pacific Coast Oil Trust Announces There Will Be No February Cash Distribution

Retrieved on: 
Tuesday, February 22, 2022
Energy, Other Energy, Oil, Gas, Calendar, Report, Net, Court, Retirement, Method, Time, Securities Exchange Act of 1934, Superior court, Conveyance, County, Annual report, Evergreen, COVID-19, 410, Trustee, Arbitration, Consultant, Review, Internet, Interest, Accounting standard, Moss Adams, Accounting Standards Codification, Contract, ARO, Face, Martindale, SEC, Life insurance, Risk management, Ridesharing company, Trust

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

HUGOTON ROYALTY TRUST DECLARES NO FEBRUARY CASH DISTRIBUTION

Retrieved on: 
Thursday, February 17, 2022
Trustee, Income, XTO, Conveyance, Annual report, XTO Energy, Unit, Sale, Panel, Lawyer, Fraudulent conveyance, Simmons Bank, Exercise, Oil, Security (finance), Credit, Reinsurance, Life insurance, Trust, Tribal chief

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

Pacific Coast Oil Trust Announces There Will Be No January Cash Distribution

Retrieved on: 
Thursday, January 27, 2022
Oil, Gas, Energy, Moss Adams, Report, Court, Organization, Internet, Conveyance, Consultant, Calendar, Net, Review, COVID-19, 410, County, Securities Exchange Act of 1934, SEC, Accounting Standards Codification, Trustee, Interest, Time, Martindale, Arbitration, Method, ARO, Face, Annual report, Contract, Petroleum, Evergreen, Retirement, Superior court, Accounting standard, Life insurance, Risk management, Ridesharing company, Trust

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).

HUGOTON ROYALTY TRUST DECLARES NO JANUARY CASH DISTRIBUTION

Retrieved on: 
Friday, January 21, 2022
Income, Simmons Bank, XTO Energy, Exercise, Unit, Panel, XTO, Fraudulent conveyance, Conveyance, Trustee, Sale, Lawyer, Annual report, Bookkeeping, Oil, Security (finance), Credit, Reinsurance, Life insurance, Trust, Tribal chief

Because

Key Points: 
  • Because
    of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

HUGOTON ROYALTY TRUST DECLARES NO DECEMBER CASH DISTRIBUTION

Retrieved on: 
Monday, December 20, 2021
Unit, Lawyer, Conveyance, Exercise, Sale, XTO, Panel, Income, XTO Energy, Annual report, Simmons Bank, Trustee, Fraudulent conveyance, Oil, Security (finance), Credit, Reinsurance, Life insurance, Tribal chief, Trust

Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.

Key Points: 
  • Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
  • Execution of the purchase and sale agreement followed a process previously announced by the Trust whereby the Trustee had engaged a third party to market the Trust's assets.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.

Pacific Coast Oil Trust Announces There Will Be No December Cash Distribution

Retrieved on: 
Wednesday, December 15, 2021
Oil, Gas, Energy, Method, Face, Consultant, Retirement, Conveyance, 410, Net, Internet, Securities Exchange Act of 1934, Calendar, Accounting Standards Codification, COVID-19, Time, Annual report, Moss Adams, Martindale, Review, Report, Accounting standard, SEC, Interest, Trustee, Contract, ARO, Petroleum, Organization, Life insurance, Risk management, Trust

ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.

Key Points: 
  • ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face.
  • Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the Underlying Properties).