secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001193125-23-093733
Event type: dividend
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312523093733/0001193125-23-093733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312523093733/d475572d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-093733

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