DALLAS, March 5, 2018 /PRNewswire/ -- Simmons Bank,
as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared
a cash distribution to the holders of its units of beneficial
interest of $0.210680 per unit,
payable on March 29, 2018, to unit
holders of record on March 15,
2018. Sabine's cash
distribution history, current and prior year financial reports and
tax information booklets, a link to filings made with the
Securities and Exchange Commission and more can be found on its
website at http://www.sbr-sabine.com/.
This distribution reflects primarily the oil production for
December 2017 and the gas production
for November 2017. Preliminary production volumes are
approximately 47,575 barrels of oil and 490,026 Mcf of gas.
Preliminary prices are approximately $52.59 per barrel of oil and $2.71 per Mcf of gas.
The table below compares this month's production and prices to
the previous month's:
|
|
Net to Trust
Sales
|
|
|
|
|
Volumes
|
|
Average
Price
|
|
|
Oil
(bbls)
|
|
Gas
(Mcf)
|
|
Oil
(per bbl)
|
|
Gas
(per Mcf)
|
|
|
|
|
|
|
|
|
|
Current
Month
|
|
47,575
|
|
490,026
|
|
$52.59
|
|
$2.71
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
38,744
|
|
480,482
|
|
$52.31
|
|
$2.76
|
Revenues are only posted and distributed when they are
received. Most energy companies normally issue payment of
royalties on or about the 25th of every month, and
depending on mail delivery, a varying amount of royalties are not
received until after the revenue posting on the last business day
of the month. The revenues received after that date will be
posted within 30 days of receipt.
Due to the timing of the end of the month of February,
approximately $2,172,000 of revenue
received will be posted in the following month of March in addition
to normal receipts during March. Since the close of business
in February and prior to this press release, approximately
$529,000 in revenue has been
received.
The 2017 tax information packets will begin mailing directly to
unitholders during the week of March 5th. A copy of
Sabine's 2017 tax information
booklet is now available on Sabine's website. In addition to the tax
booklet, the Sabine website also
offers two simple calculators for computing the income and expense
amounts and the cost depletion. Both calculators have been updated
for 2017 tax computation.
The January 1, 2017 Reserve
Summary is available on the Sabine
website at http://www.sbr-sabine.com/.
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content:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-march-2018-300607734.html
SOURCE Sabine Royalty Trust