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.
Simmons Bank, as Trustee of the Sabine Royalty Trust (SBR), announced a cash distribution of $0.719500 per unit, payable on June 29, 2022, to unit holders of record by June 15, 2022. This distribution reflects increased oil production of 64,786 barrels and gas production of 1,037,379 Mcf. Average prices are $94.63 for oil and $5.19 for gas. Significant contributions came from new horizontal gas wells in Panola County, Texas, yielding approximately $990,000 in revenue. Estimated net proved reserves are 6.0 million barrels of oil and 42.8 billion cubic feet of gas, valued at $470,140,000.
Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), has announced a cash distribution of $0.603540 per unit, payable on May 31, 2022, to unitholders of record as of May 16, 2022. This distribution reflects February oil production and January gas production, totaling approximately 47,602 barrels of oil and 1,374,858 Mcf of gas. The cash distribution decreased from the previous month due to lower production levels. The Trust's estimated net proved reserves are around 6.0 million barrels of oil and 42.8 billion cubic feet of gas.
Sabine Royalty Trust (NYSE: SBR) announced the results of its special unitholders meeting held on May 2, 2022. Unitholders approved the proposals in the proxy statement, including appointing Argent Trust Company as the new trustee, succeeding Simmons Bank upon its resignation. The resignation's effective date hinges on fulfilling specific conditions outlined in the resignation notice and proxy statement. Forward-looking statements caution that actual results may vary depending on unitholder and court approvals necessary for Argent's appointment.
The Trustee of Sabine Royalty Trust (NYSE: SBR) has adjourned its Special Meeting to elect a new Trustee due to insufficient quorum. STJ Ventures supports the Trustee change and encourages unitholders to review their asset research available on their website, showcasing valuable data on the Trust's properties. STJ claims to have identified over 850,000 gross acres of mineral ownership, emphasizing the need for capable management to unlock the Trust's asset value. Unitholders are urged to vote and participate in the upcoming meeting.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), declared a cash distribution of $0.730190 per unit, payable on April 29, 2022, to holders of record by April 18, 2022. The distribution is driven by January oil production and December gas production, amounting to approximately 70,536 barrels of oil and 1,430,163 Mcf of gas. This month’s distribution increased due to new horizontal gas wells in Panola County, Texas, contributing about $1.1 million. The estimated net proved reserves are 6.0 million barrels of oil and 42.8 billion cubic feet of gas, with a future net value of $470,140,000.
Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), announced the adjournment of the Special Meeting originally set for April 4, 2022, due to insufficient quorum. The meeting is rescheduled for May 2, 2022, at 11:00 a.m. Central time in Dallas, Texas. Unitholders are urged to vote on important matters detailed in proxy materials sent on February 11, 2022, as a lack of votes could prevent the meeting from occurring. The Trustee recommends voting "FOR" the proposals and emphasizes that every vote counts, regardless of the number of units held.
Simmons Bank, Trustee of Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.467170 per unit, payable on March 29, 2022, to unitholders of record by March 15, 2022. This distribution reflects oil production for December 2021 and gas production for November 2021, with preliminary totals of 42,203 barrels of oil and 902,216 Mcf of gas. The increase in distribution is attributed to enhanced production levels from new horizontal gas wells in Panola County, Texas.
Sabine Royalty Trust (NYSE: SBR) has seen its Trustee resign and nominate Argent Trust Company as its successor. STJ Ventures, LLC, a significant SBR unit holder, believes there is unrealized value within the Trust and supports this transition. They argue that active management of the Trust’s mineral assets is crucial for maximizing value, citing specific examples from the Trust’s holdings in Texas. The letter from STJ emphasizes the need for oversight in royalty payments and the exploration of structural changes to benefit unitholders.
Simmons Bank, as Trustee for Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.374350 per unit, payable on February 28, 2022. This distribution is based on oil production from November 2021 and gas production from October 2021, totaling approximately 36,010 barrels of oil and 682,527 Mcf of gas. The cash distribution is significantly lower than previous months, primarily due to an extraordinary receipt of $4.1 million in December from new wells. The decline in revenue is expected to continue as the Trust navigates operational delays.
Sabine Royalty Trust (NYSE: SBR) announced a cash distribution of $0.876810 per unit to holders, payable on January 31, 2022, for record holders as of January 18. This distribution reflects oil production for October 2021 and gas for September 2021, with preliminary volumes of 71,882 barrels of oil and 2,249,986 Mcf of gas. The increase in distribution is attributed to higher prices for oil and gas, and a significant $4.1 million revenue boost from new wells in Panola County, Texas.
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