DALLAS, Sept. 6, 2017 /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 $0.216830 per
unit, payable on September 29, 2017,
to unit holders of record on September
18, 2017. 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
June 2017 and the gas production for
May 2017. Preliminary production volumes are approximately
51,481 barrels of oil and 445,683 Mcf of gas. Preliminary
prices are approximately $44.51 per
barrel of oil and $3.96 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
|
|
51,481
|
|
445,683
|
|
$44.51
|
|
$3.96
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
47,437
|
|
444,468
|
|
$46.96
|
|
$2.81
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 August,
approximately $1,248,000 of revenue
received will be posted in the following month of September in
addition to normal receipts during September. Since the close
of business in August and prior to this press release,
approximately $757,000 in revenue has
been received.
The January 1, 2017 Reserve
Summary has now been posted on the Sabine website at
http://www.sbr-sabine.com/.
View original
content:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-september-2017-300514713.html
SOURCE Southwest Bank