SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MARCH 2022

DALLAS, March 4, 2022 /PRNewswire/ — Simmons Bankas trustee of Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to holders of its beneficial interest units of $0.467170 per unit, payable on March 29, 2022to unitholders of record on March 152022. by Sabine cash distribution history, current and prior year financial reports and tax information booklets, a 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 are mailed free of charge.

This breakdown primarily reflects oil production for December 2021 and the production of gas for November 2021. Preliminary production volumes are approximately 42,203 barrels of oil and 902,216 Mcf of gas. Preliminary prices are approximately $71.21 per barrel of oil and $5.38 per Mcf of gas.

This month’s distribution is higher than the previous month’s due to increased oil and gas production.

Production from new horizontal gas wells in Panola County, Texascontributed approximately $1.8 million reflecting November production. They averaged about 976 Mcf per day per well in November, totaling more than 234,000 Mcf during this period with an average price of $5.83 by Mcf. As more regular monthly receipts are made in the coming months, additional information will be made available.

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



Net to Trust Sales





volumes


Average price



Oil (bbl)


Gas (Mcf)


Oil

(per barrel)


Gas

(by Mcf)










Current month


42,203


902 216


$71.21


$5.38










Last month


36,010


682 527


$72.32


$5.29


Revenues are only distributed after they have been received, verified and posted. Most energy companies normally issue royalty payments on or about the 25and of each month, and depending on the delivery of the mail, a variable amount of fees is collected only after the recording of receipts on the last working day of the month. Revenue received after this date will be posted within 30 days of receipt.

During the month of February, the respective shelter-at-home/work-from-home orders across the sector significantly affected the Trust’s revenue display, through the following March. As adjustments are made accordingly, the functions of the Trust are still performed, albeit on a deferred basis. We will continue to strive to make the operations of the Trust and its suppliers as smooth as possible.

Due to the calendar at the end of February, approximately $1,625,000 revenue received will be posted in the following March in addition to normal March revenue. Since the close of business in February and prior to this press release, $1,763,000 revenue has been received.

The 2021 Tax Information Packages began to be mailed directly to unitholders in the first week of March 2022. A copy of by Sabine The 2021 tax booklet is available on by Sabine website. In addition to the tax booklet, by Sabine The website also offers two simple calculators for calculating income and expense amounts and cost burnout.

The 2020 Annual Report with Form 10-K and January 1, 2021 The summary of reserves is currently available on the Sabine website at http://www.sbr-sabine.com/.

The 2021 Annual Report with Form 10-K and January 1, 2022 The summary of reservations must be available on the Sabine website at http://www.sbr-sabine.com/, after April 1, 2022.

SOURCE Sabine Royalty Trust

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