Sabine Royalty Trust declares Dec. distribution of $0.19667/unit, down from prior month on lower production

SABINE ROYALTY TRUST

Distribution of $0.19667/unit payable Dec. 29 to holders of record Dec. 15.
Preliminary production: 28,904 bbl oil and 796,698 Mcf gas; avg prices $64.19/bbl and $2.61/Mcf.
Distribution lower MoM due to decreased production; partially offset by higher prices and lower ad valorem taxes.
Prior month had 65,727 bbl and 1,135,345 Mcf; prices $63.80/bbl and $2.55/Mcf.
Ad valorem taxes deducted: $457K this month vs $1,624K same month last year.

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