Sabine Royalty Trust May 2023 distribution $0.499/unit, lower due to timing and gas prices

SABINE ROYALTY TRUST

Cash distribution of $0.499000/unit payable May 30, 2023 to holders of record May 15, 2023.
Preliminary volumes: 58,004 bbl oil and 926,642 Mcf gas; average prices $80.96/bbl and $3.67/Mcf.
Distribution lower than prior month due to decreased production and lower gas pricing; new Panola County wells contributed $870,037.
Reserve report as of Jan 1, 2023: 5.9M bbl oil and 47.4 Bcf gas; estimated trust life 8-10 years.

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