dividend
confidence high
sentiment neutral
materiality 0.40
Sabine Royalty Trust declares August cash distribution of $0.829410 per unit
SABINE ROYALTY TRUST
- Distribution of $0.829410/unit payable Aug 29 to holders of record Aug 15, 2022.
- Preliminary production: 56,325 bbls oil at $103.82/bbl and 1,258,547 Mcf gas at $5.95/Mcf.
- Prior month production was 40,082 bbls oil at $105.12/bbl and 1,024,821 Mcf gas at $4.57/Mcf.
- New horizontal gas wells in Panola County contributed ~$860,000 for April production.
- Approximately $2.532M in revenue not yet posted will be included in August distribution.