DALLAS, Sept. 3, 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 $0.274940 per unit,
payable on September 29, 2021, to
unit holders of record on September
15, 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
May 2021 and the gas production for
April 2021. Preliminary production volumes are approximately
46,167 barrels of oil and 677,387 Mcf of gas. Preliminary
prices are approximately $64.04 per
barrel of oil and $2.74 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
|
|
46,167
|
|
677,387
|
|
$64.04
|
|
$2.74
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
53,612
|
|
785,545
|
|
$62.89
|
|
$2.54
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 August, 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 September. 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 August,
approximately $1,643,000 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, $195,000 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-september-2021-301368748.html
SOURCE Sabine Royalty Trust