secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001193125-23-003561
Event type: dividend
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312523003561/0001193125-23-003561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312523003561/d415459d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-003561

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