dividend
confidence high
sentiment positive
materiality 0.25
Sabine Royalty Trust declares August distribution of $0.744730/unit
SABINE ROYALTY TRUST
- Distribution $0.744730/unit, payable Aug 29 to holders of record Aug 15.
- Preliminary volumes: 121,894 bbl oil, 1,280,573 Mcf gas.
- Oil price $69.53/bbl (up from $65.46); gas $2.77/Mcf (down from $3.24).
- Distribution higher than prior month due to increased production and higher oil price.
- Approximately $4.78M of July revenue will be posted in August.
item 2.02item 9.01