Sabine Royalty Trust announces monthly cash distribution for March 2021


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DALLAS, March 5, 2021 / PRNewswire / – Simmons Bank, as trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its beneficial interest units of $ 0.210990 per unit, payable on March 29, 2021, to unitholders registered on March 15, 2021. Sabine’s cash distribution history, current year and previous year financial reports and tax information booklets, link to Securities and Exchange Commission filings and more can be found on its website at: http://www.sbr-sabine.com/. In addition, printed reports can be requested and mailed free of charge.

During the month of February, the respective industry-wide orders for home shelters and work-from-home shelters had a significant impact on the Trust’s revenue display until the following March. As adjustments are made accordingly, the functions of the Trust are still being performed, although deferred. We will continue to strive to make the operations of the Trust and its suppliers as smooth as possible.

The impact of the sharp drop in energy prices is not reflected in this month’s turnover, but we have seen it in the previous months. Since the royalty trust assets are almost fully owned by the royalty rights of the established production streams, production is expected to continue, but the industry’s over-supply of existing inventories will affect the transmission capacity downstream of the stream. of production. Due to these aforementioned factors, various producers / operators / buyers may not be able to continue as they have been and may impact the payment to the trust. We take steps to monitor these various entities as they have a direct relationship with the trust. Ownership of the Trust’s various royalty rights should not be diminished, as this will continue.

This breakdown mainly reflects the production of oil for December 2020 and gas production for November 2020. Preliminary production volumes are approximately 51,259 barrels of oil and 719,512 Mcf of gas. Preliminary prices are approximately $ 41.30 per barrel of oil and $ 2.44 by Mcf of gas.

The table below compares this month’s production and prices to those of the previous month:



Net to Trust Sales





Volumes


Average price



Oil (bbls)


Gas (Mcf)


Oil

(by bbl)


Gas

(by Mcf)










Current month


51,259


719,512


$ 41.30


$ 2.44










Last month


46,433


657,693


$ 38.90


$ 1.80





















Income is only distributed after it has been received, verified and posted. Most energy companies normally issue royalties around the 25e of each month, and depending on the delivery of the mail, a variable amount of royalties is only collected after the recognition of income on the last working day of the month. Income received after this date will be posted within 30 days of receipt.

Due to the calendar at the end of February, approximately $ 184,000 income received will be displayed the following month of March in addition to the normal receipts in March. Since the close of business in February and prior to this press release, there have been approximately $ 1,469,000 in income received.

The 2020 Tax Information Packages were mailed directly to Unitholders on March 4. A copy of Sabine The 2020 tax information booklet is available at Sabine website. In addition to the tax book, the Sabine The website also offers two simple calculators for calculating income and expense amounts and cost depletion.

The 2019 annual report with form 10-K and the January 1, 2020 The summary of reservations is available on the Sabine website at http://www.sbr-sabine.com/.

SOURCE Sabine Royalty Trust

Related links

http://www.sbr-sabine.com

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