Welcome to our dedicated page for Sabine Royalty Trust news (Ticker: SBR), a resource for investors and traders seeking the latest updates and insights on Sabine Royalty Trust stock.
Sabine Royalty Trust (SBR) is a well-established express trust, primarily involved in the management and distribution of royalty and mineral interests. Its core business comprises the collection and distribution of revenues derived from oil and gas production primarily located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Sabine Royalty Trust owns landowner royalties, overriding royalty interests, and mineral production payments, among other similar non-participatory interests in these prime oil and gas regions.
Founded to manage and maximize the value of the mineral interests previously held by Sabine Corporation, the Trust has consistently provided its unitholders with regular cash distributions. The Trust’s income is primarily derived from oil and gas production revenue, which is distributed monthly after receipt and verification. This revenue stream is impacted by several factors, including production volumes, oil and gas prices, and operating expenses.
In recent months, Sabine has declared various cash distributions reflecting its ongoing oil and gas production. For instance, in November 2023, the Trust announced a distribution of $0.720840 per unit, primarily from August 2023 oil production and July 2023 gas production. This trend continued with higher distributions in December, primarily driven by increased oil and gas production volumes. As of March 2024, the distribution was set at $0.411450 per unit, reflecting production in late 2023.
Sabine Royalty Trust's financial condition remains robust, with regular cash flow and efficient management of its assets. The Trust’s operations are overseen by Argent Trust Company as the trustee, ensuring transparency and accountability in financial reporting. Recent partnerships and the addition of new revenue processors further streamline revenue collection and distribution processes, enhancing overall trust management.
Unitholders and potential investors can access detailed financial reports, tax information booklets, and links to SEC filings on the Trust's recently updated website. The Trust’s commitment to transparency and efficient management continues to make it a reliable investment avenue for those interested in the oil and gas sector.
STJ Ventures has reiterated its call for improved management practices at Sabine Royalty Trust (NYSE: SBR), expressing disappointment over the Trustee's inaction on crucial fiduciary matters. STJ, a significant unitholder, believes there is unrealized value within SBR and advocates for enhanced mineral management and disclosure. The company highlights three key areas for improvement: Supervision of Executive Rights Holder, where a third party's control over mineral rights poses risks; Actively Audit and Manage Key Mineral Tracts, to prevent lease violations; and Rectify Inadequate 10K Disclosure, asserting that current filings lack essential information. STJ emphasizes these actions are vital for fulfilling the Trustee's responsibilities and calls for immediate implementation.
On April 6, 2023, Argent Trust Company, Trustee of the Sabine Royalty Trust (NYSE: SBR), declared a cash distribution of $0.699540 per unit for April 2023, payable on April 28, to unit holders of record as of April 17. This distribution reflects production figures of 68,608 barrels of oil and 1,259,109 Mcf of gas. The average prices were $80.65 per barrel of oil and $4.71 per Mcf of gas. Notably, this month's distribution surpasses the previous month due to increased production and higher oil prices. The Trust's estimated net proved reserves as of January 1, 2023, are approximately 5.9 million barrels of oil and 47.4 billion cubic feet of gas, with a future net value of about $657,947,000.
On March 3, 2023, Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of
On February 3, 2023, Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of
On January 6, 2023, Argent Trust Company announced a cash distribution of $0.631510 per unit for Sabine Royalty Trust (NYSE: SBR), payable on January 31, 2023. This distribution, based on oil and gas production volumes from late 2022, reflects approximately 39,824 barrels of oil and 903,315 Mcf of gas. While production volumes decreased from the previous month, higher commodity prices partially offset the impact. The report also notes a $744,000 deduction for Ad Valorem taxes, which increased compared to last year.
Simmons Bank, as Trustee of the Sabine Royalty Trust (SBR), declared a monthly cash distribution of $1.067860 per unit, payable on December 29, 2022, to unit holders on record by December 15, 2022. This distribution, reflecting oil and gas production for September and August 2022, shows an increase due to improved production volumes, totaling approximately 59,760 barrels of oil and 1,874,536 Mcf of gas. However, the increase was tempered by a decrease in oil prices. Notably, revenue from new gas wells in Panola County, Texas, contributed significantly to the distribution.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), declared a cash distribution of $0.582550 per unit, payable on November 29, 2022, for unit holders of record as of November 15, 2022. This distribution reflects production volumes of approximately 36,531 barrels of oil and 983,628 Mcf of gas with preliminary prices at $98.32 per barrel and $6.82 per Mcf. The current distribution is lower than the previous month due to decreased production, although oil pricing slightly increased. Notably, revenues received after month-end will be reported in November.
Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $1.016680 per unit, payable on October 31, 2022. This distribution is based on oil production from July 2022 and gas production from June 2022, with preliminary volumes of 71,923 barrels of oil and 1,472,082 Mcf of gas. The distribution increased from the previous month due to higher production, despite a drop in oil prices to $96.81 per barrel and an increase in gas prices to $7.26 per Mcf. An additional $3,092,000 in revenue is expected to be posted in October.
Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), has declared a cash distribution of $0.835990 per unit to unit holders, payable on September 29, 2022. This distribution is influenced primarily by June 2022 oil production and May 2022 gas production, with preliminary volumes reported at approximately 49,404 barrels of oil and 1,231,557 Mcf of gas. The cash distribution increased due to higher oil and gas prices, despite lower production volumes compared to the previous month.
Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of $0.829410 per unit, payable on August 29, 2022, to unit holders of record on August 15, 2022. This distribution reflects production for May and April 2022, with preliminary volumes at 56,325 barrels of oil and 1,258,547 Mcf of gas. Increased production levels are attributed to new wells in Panola County, Texas.
Current prices are approximately $103.82 per barrel of oil and $5.95 per Mcf of gas, showing a positive trend over the previous month.
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