Sabine Royalty Trust declares June cash distribution of $0.325910/unit; production & prices down

SABINE ROYALTY TRUST

Distribution $0.325910/unit payable June 29, record June 15.
Preliminary volumes: 56,892 bbls oil at $56.99/bbl, 776,402 Mcf gas at $2.89/Mcf.
Distribution lower than prior month due to decreased production and lower oil/gas pricing.
Reserves as of Jan 1, 2023: 5.9M bbls oil, 47.4 Bcf gas, future net value $657.9M.
Approximately $1,002,000 of revenue received after May close will be posted in June.

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