secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0000950170-24-042471
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabine Royalty Trust declares $0.5355/unit April distribution, up from prior month
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- Cash distribution of $0.535500 per unit payable April 29, 2024, record date April 15, 2024.
- Distribution reflects January 2024 oil production (64,623 bbls at $81.94/bbl) and December 2023 gas (1,542,894 Mcf at $2.39/Mcf).
- Month-over-month oil production up 34% (48,104 to 64,623 bbls); gas up 47% (1,046,545 to 1,542,894 Mcf).
- Oil price fell to $81.94/bbl from $89.38; gas price to $2.39/Mcf from $2.45.
- Approximately $297,000 revenue to be posted in April; $13,000 in 2024 ad valorem taxes deducted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000095017024042471/0000950170-24-042471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000095017024042471/sabine_8-k_april_2024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-042471

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