Sabine Royalty Trust declares April distribution of $0.699540/unit, up from prior month

SABINE ROYALTY TRUST

Cash distribution of $0.699540 per unit, payable April 28, 2023 to holders of record April 17, 2023.
Preliminary production: 68,608 bbls oil (avg $80.65/bbl) and 1,259,109 Mcf gas (avg $4.71/Mcf).
Distribution higher than prior month due to increased production and higher oil pricing.
New horizontal gas wells in Panola County contributed ~$1.64M from December production.
Year-end reserve estimate: 5.9M bbls oil, 47.4 Bcf gas; estimated trust life 8-10 years.

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