Sabine Royalty Trust announces monthly cash distribution for November 2021

DALLAS, Nov. 5, 2021 / PRNewswire / – Simmons Bank, as trustee of Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to holders of its beneficial interest units of $ 0.375160 per unit, payable on November 29, 2021, to unitholders of record on November 15, 2021. Sabine’s cash distribution history, current and previous year financial reports and tax information brochures, a link to statements made to the Securities and Exchange Commission 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.

This breakdown mainly reflects the production of oil for July 2021 and gas production for June 2021. Preliminary production volumes are approximately 51,158 barrels of oil and 962,512 MMcf of gas. Preliminary prices are approximately $ 66.56 per barrel of oil and $ 3.29 by Mcf of gas.

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



Net sales to trustees





Volumes


Average price



Oil (bbls)


Gas (Mpi)


Oil

(per barrel)


Gas

(by Mpi)










Current month


51 158


962,512


$ 66.56


$ 3.29










Last month


49 820


777,419


$ 69.96


$ 2.94










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

During the month of October, the respective industry-wide home-from-home / work-from-home orders significantly affected the revenue display of the Trust, until the following November. As adjustments are made accordingly, the functions of the Trust are still being 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 October, approximately $ 1,343,000 revenue collected will be accrued the following November in addition to normal November revenue. Since the close of business in October and before this press release, $ 2,057,000 in revenue has been received.

Approximately $ 165,000 for 2021 the Ad Valorem taxes have been deducted from this month’s distribution compared to $ 538,000 this time last year. These payments are normal expenses at this time of year.

The 2020 annual report with form 10-K and the January 1, 2021 The reserve summary is now available on Sabine’s website at http://www.sbr-sabine.com/.

SOURCE Sabine Royalty Trust

Related links

http://www.sbr-sabine.com


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