Sabine Royalty Trust declares monthly distribution of $0.6373 per unit

SABINE ROYALTY TRUST

Cash distribution of $0.637300 per unit, payable Feb 28, 2023 to holders of record Feb 15, 2023.
Preliminary oil production 49,802 bbls at $84.75/bbl; gas 1,121,523 Mcf at $5.53/Mcf.
Distribution slightly higher than prior month due to increased production offset by lower oil/gas prices.
New horizontal gas wells in Panola County contributed approx $1,804,534 (September production).
Approximately $193,000 for 2022 Ad Valorem taxes deducted vs $60,000 last year.

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