"The sponsor is entitled to receive the 20 percent of the net proceeds not distributed to public unitholders. In addition, VOC Partners has retained about a 25 percent position in the trust units. Combined, these stakes are a powerful incentive for management to operate the wells in a way that maximizes value for unitholders.
In addition, the operator of the wells intends to do significant low-risk development, particularly around its Texas wells. With these enhancements, management believes that the trust’s production will grow in the near term and slow the rate of decline over the next few years.
In particular, the sponsor plans to spend about $2.5 million drilling and completing 13 additional wells in its Kansas properties. The trust already has 742 wells in Kansas, and these new wells will be low-risk infill drilling opportunities. Infill drilling refers to new wells drilled in between wells that are already in production."