dividend
confidence high
sentiment positive
materiality 0.60
Sabine Royalty Trust declares Dec 2022 distribution of $1.067860/unit; production rises sharply
SABINE ROYALTY TRUST
- Cash distribution of $1.067860/unit payable Dec 29 to record holders Dec 15.
- Oil production 59,760 bbls (+64% MoM); gas 1,874,536 Mcf (+91% MoM).
- Average oil price $85.53/bbl (-13% vs $98.32 prior MoM); gas price flat at $6.82/Mcf.
- New horizontal wells in Panola County contributed ~$1.07M; additional $3.9M revenue from 4 new wells.