SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR SEPTEMBER 2023
- None.
- None.
This distribution reflects primarily the oil production for June 2023 and the gas production for May 2023. Preliminary production volumes are approximately 55,152 barrels of oil and 1,095,508 Mcf of gas. Preliminary prices are approximately
This month's distribution is higher than the previous month's primarily due to increased oil and gas pricing and also by an increase in oil production.
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 | Gas | |||||||
Current Month | 55,152 | 1,095,508 | ||||||||
Prior Month | 44,365 | 1,120,435 | ||||||||
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 August, 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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