DALLAS, July 3, 2019 /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 $0.176360 per unit,
payable on July 29, 2019, to unit
holders of record on July 15,
2019. 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
April 2019 and the gas production for
March 2019. Preliminary production volumes are approximately
33,373 barrels of oil and 432,966 Mcf of gas. Preliminary
prices are approximately $59.44 per
barrel of oil and $2.40 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
|
|
33,373
|
|
432,966
|
|
$59.44
|
|
$2.40
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
87,650
|
|
715,120
|
|
$49.02
|
|
$2.28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 June, approximately
$3,380,985 of revenue received will
be posted in the following month of July in addition to normal
receipts during July. Since the close of business in June and
prior to this press release, approximately $846,000 in revenue has been received.
The 2018 Annual Report with Form 10-K with the January 1, 2019 Reserve Summary and the
1st Quarter 2019 report are now available on Sabine
website at http://www.sbr-sabine.com/.
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content:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-july-2019-300879946.html
SOURCE Sabine Royalty Trust