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, Trustee of Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.312650 per unit, payable on December 29, 2021, to unit holders of record as of December 15, 2021. This distribution is based on oil production of approximately 46,382 barrels and gas production of 725,857 Mcf for September and August 2021, respectively. Notably, oil prices averaged $68.76 per barrel and gas at $3.81 per Mcf. Adjustments in previous production reports were also made to correct earlier discrepancies.
Simmons Bank, as Trustee of the Sabine Royalty Trust (SBR), has declared a cash distribution of $0.375160 per unit for November 2021, payable on November 29 to unit holders of record on November 15. This distribution reflects oil production from July 2021 and gas production from June 2021, totaling approximately 51,158 barrels of oil and 962,512 Mcf of gas. Current oil prices are $66.56 per barrel, while gas prices are $3.29 per Mcf. Additionally, $1,343,000 in revenue will be posted in November, with $2,057,000 received since month-end.
Simmons Bank, as Trustee of the Sabine Royalty Trust (SBR), announced a cash distribution of $0.341580 per unit, payable on October 29, 2021. This distribution is based on oil production from June 2021 and gas production from May 2021, with preliminary volumes at 49,820 barrels of oil and 777,419 Mcf of gas. Average prices were approximately $69.96 per barrel of oil and $2.94 per Mcf of gas. The trust experienced delays in revenue posting due to operational challenges, with $1,601,000 in revenue shifted to October.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), announced a cash distribution of $0.274940 per unit, payable on September 29, 2021, to unit holders recorded by September 15, 2021. This distribution reflects oil production figures for May 2021 and gas production for April 2021, totaling approximately 46,167 barrels of oil and 677,387 Mcf of gas. The average prices per barrel of oil are $64.04 and $2.74 per Mcf of gas. Additionally, revenue delays due to pandemic-related disruptions have been noted, with over $1.6 million expected to be recorded in September.
On August 6, 2021, Simmons Bank, Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.318130 per unit for August 2021, payable on August 30. This distribution is based on oil production from April 2021 and gas production from March 2021, with preliminary volumes reported at 53,612 barrels of oil and 785,545 Mcf of gas. The average prices were $62.89 per barrel of oil and $2.54 per Mcf of gas. Despite delayed revenue posting due to industry disruptions in July, adjustments are being made to ensure operations continue smoothly.
Simmons Bank, Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.278250 per unit, payable on July 29, 2021. This distribution is based on oil production from March 2021 and gas production from February 2021, amounting to approximately 52,988 barrels of oil and 637,149 Mcf of gas. The average prices were $56.35 per barrel and $2.95 per Mcf. Due to operational delays related to shelter-at-home orders, approximately $1,453,000 in revenue will be posted in July. The 2020 Annual Report is also available on their website.
On June 4, 2021, Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), declared a cash distribution of $0.293880 per unit, payable on June 29, 2021. This distribution corresponds to oil production from March and gas production from February 2021, with preliminary production volumes of approximately 45,851 barrels of oil and 476,918 Mcf of gas. Current prices are around $59.10 per barrel and $4.87 per Mcf. The trust's estimated net proved reserves are approximately 6.3 million barrels of oil and 39.8 billion cubic feet of gas.
Simmons Bank, as Trustee of Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.251570 per unit, payable on May 28, 2021, to unit holders recorded on May 17, 2021. The distribution reflects oil production from February 2021 and gas production from January 2021, with preliminary volumes of 43,616 barrels of oil and 863,460 Mcf of gas. Average prices were $54.69 per barrel of oil and $2.48 per Mcf of gas. The Trust also reported estimated net proved reserves totaling 6.3 million barrels of oil and 39.8 billion cubic feet of gas valued at approximately $229.43 million.
Sabine Royalty Trust (SBR) has declared a cash distribution of $0.237940 per unit, payable on April 29, 2021, to unit holders recorded by April 15. The March revenue was affected by shelter-at-home orders, showing a decline in production with 50,741 barrels of oil and 650,124 Mcf of gas for January 2021. Oil prices increased to $49.56 per barrel, while gas prices rose to $2.56 per Mcf. Despite revenue fluctuations, the Trust's estimated reserves are 6.3 million barrels of oil and 39.8 billion cubic feet of gas as of January 1, 2021.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), has announced a monthly cash distribution of $0.210990 per unit, payable on March 29, 2021. Unit holders of record as of March 15 will receive this payment. The distribution is primarily based on oil and gas production volumes from December 2020 and November 2020, totaling approximately 51,259 barrels of oil and 719,512 Mcf of gas at prices of $41.30 per barrel and $2.44 per Mcf respectively. The Trust's revenues have been impacted by energy pricing and operational delays due to shelter-in-place orders.
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