Sabine Royalty Trust announces monthly distribution of $0.6315/unit; production drops sharply

SABINE ROYALTY TRUST

Distribution of $0.6315 per unit payable Jan 31 to holders of record Jan 17.
Preliminary Oct oil production 39,824 bbls ($88.18/bbl); Sep gas 903,315 Mcf ($8.09/Mcf).
Distribution down vs prior month primarily due to decreased production and timing of receipts.
New horizontal gas wells in Panola County contributed ~$2.374M from August production.
Approximately $744,000 deducted for 2022 Ad Valorem taxes vs $426,000 prior year.

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