dividend
confidence high
sentiment positive
materiality 0.65
Sabine Royalty Trust declares October cash distribution of $1.01668 per unit, up from prior month
SABINE ROYALTY TRUST
- Distribution of $1.01668 per unit payable Oct 31, 2022 to holders of record Oct 17, 2022.
- Preliminary volumes: 71,923 bbl oil, 1,472,082 Mcf gas; avg prices $96.81/bbl oil, $7.26/Mcf gas.
- Higher distribution vs prior month due to increased production; oil price down, gas price up.
- Horizontal gas wells in Panola County contributed ~$1,158,000; audit recovery added $315,000 in September.
- Approximately $3,092,000 revenue received after Sept close will be posted in October.