Sabine Royalty Trust declares $0.58255 per unit November distribution; production down from prior month

SABINE ROYALTY TRUST

Distribution of $0.582550 per unit payable Nov 29, 2022 to holders of record Nov 15.
Preliminary volumes: 36,531 bbl oil, 983,628 Mcf gas; avg prices $98.32/bbl oil, $6.82/Mcf gas.
Distribution lower month-over-month due to timing of receipts and decreased production volumes.
New horizontal gas wells in Panola County contributed ~$850k from July production; additional wells added.
$5.1M revenue received after month-end will be posted in November; $4.1M received prior to press release.

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