DALLAS, Aug. 6, 2021 /PRNewswire/ -- Simmons 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 $0.318130 per unit,
payable on August 30, 2021, to unit
holders of record on August 16,
2021. 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/. Additionally, printed
reports can be requested and are mailed free of charge.
This distribution reflects primarily the oil production for
April 2021 and the gas production for
March 2021. Preliminary production volumes are approximately
53,612 barrels of oil and 785,545 Mcf of gas. Preliminary
prices are approximately $62.89 per
barrel of oil and $2.54 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
|
|
53,612
|
|
785,545
|
|
$62.89
|
|
$2.54
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
52,988
|
|
637,149
|
|
$56.35
|
|
$2.95
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
During the month of July, the respective
shelter-at-home/work-from-home orders across the spectrum of the
industry has significantly affected the posting of revenues for the
Trust, until the following month of August. As adjustments
are made accordingly, the functions of the Trust are still being
performed, although on a delayed basis. We will continue to
strive to make the operations of the Trust and its providers, as
fluid as possible.
Due to the timing of the end of the month of July, approximately
$1,854,000 of revenue received will
be posted in the following month of August in addition to normal
receipts during August. Since the close of business in July
and prior to this press release, $1,462,000.00 in revenue has been received.
The 2020 Annual Report with Form 10-K and the January 1, 2021 Reserve Summary are now available
on the Sabine website at
http://www.sbr-sabine.com/.
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content:https://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-august-2021-301350094.html
SOURCE Sabine Royalty Trust