secwatch.observer — SEC 8-K summary
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Issuer:     SABINE ROYALTY TRUST (SBR)
CIK:        0000710752
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001193125-23-160595
Event type: dividend
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/710752/000119312523160595/0001193125-23-160595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/710752/000119312523160595/d423178d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-160595

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