DALLAS, Oct. 5, 2016 /PRNewswire/ -- Southwest Bank,
as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared
a cash distribution to the holders of its units of beneficial
interest of $0.23324 per unit,
payable on October 31, 2016, to unit
holders of record on October 17,
2016. Sabine's cash distribution history, current and prior
year financial reports and tax information booklets, a link to
filings made with the Securities and Exchange Commission and more
can be found on its website at
http://www.sbr-sabine.com/.
This distribution reflects primarily the oil production for
July 2016 and the gas production for
June 2016. Preliminary production volumes are approximately
69,108 barrels of oil and 443,213 Mcf of gas. Preliminary
prices are approximately $41.86 per
barrel of oil and $2.21 per Mcf of
gas.
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
|
|
69,108
|
|
443,213
|
|
$41.86
|
|
$2.21
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
50,694
|
|
770,090
|
|
$43.53
|
|
$2.08
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues are only posted and distributed when they are
received. 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 September,
approximately $747,000 of revenue
received will be posted in the following month of October in
addition to normal receipts during October. Since the close
of business in September and prior to this press release,
approximately $1,007,000 in revenue
has been received.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-october-2016-300339786.html
SOURCE Sabine Royalty Trust