SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR AUGUST 2023
- Sabine Royalty Trust declares a cash distribution of $0.298580 per unit.
- Preliminary production volumes for May 2023 are approximately 44,365 barrels of oil and 1,120,435 Mcf of gas.
- Preliminary prices for May 2023 are approximately $70.80 per barrel of oil and $1.68 per Mcf of gas.
- This month's distribution is lower than the previous month's due to decreased oil and gas pricing.
This distribution reflects primarily the oil production for May 2023 and the gas production for April 2023. Preliminary production volumes are approximately 44,365 barrels of oil and 1,120,435 Mcf of gas. Preliminary prices are approximately
This month's distribution is lower than the previous month's primarily due to decreased oil and gas pricing offset by increases in both oil and gas production.
The production from all the new horizontal gas wells in
Additionally, for the other three horizontal wells, also in Panola County, there was one month of receipts totaling
As more regular monthly receipts are made in the months to come, additional information will be made available.
The table below compares this month's production and prices to the previous month's:
Net to Trust Sales | ||||||||||
Volumes | Average Price | |||||||||
Oil (bbls) | Gas (Mcf) | Oil (per bbl) | Gas (per Mcf) | |||||||
Current Month | 44,365 | 1,120,435 | ||||||||
Prior Month | 44,123 | 992,651 | ||||||||
Revenues are only distributed after they are received, verified, and posted. Most energy companies normally issue payment of royalties on or about the 25th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month. The revenues received after that date will be posted within 30 days of receipt.
Due to the timing of the end of the month of July, approximately
The 2022 Annual Report with Form 10-K and the January 1, 2023 Reserve Summary are available on the Sabine website at http://www.sbr-sabine.com/.
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SOURCE Sabine Royalty Trust
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