dividend
confidence high
sentiment neutral
materiality 0.50
Sabine Royalty Trust declares Aug cash distribution of $0.298580/unit
SABINE ROYALTY TRUST
- Distribution of $0.298580/unit payable Aug 29, 2023 to holders of record Aug 15, 2023.
- Preliminary volumes: 44,365 bbl oil and 1,120,435 Mcf gas; prices $70.80/bbl and $1.68/Mcf.
- Distribution lower than prior month due to decreased oil/gas pricing offset by higher production.
- New horizontal gas wells in Panola County contributed ~$290,000; three other wells added $80,000.