Business
SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR MAY 2025
Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.447780 per unit, payable on May 29, 2025, to unit holders of record on May 15, 2025. 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/. Additio
About this update from Sabine Royalty Trust
[{"type":"text","content":"DALLAS, May 5, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.447780 per unit, payable on May 29, 2025, to unit holders of record on May 15, 2025. 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/. Additionally, printed reports can be requested and are mailed free of charge.","length":621,"tagName":"p"},{"type":"text","content":"This distribution reflects primarily the oil production for February 2025 and the gas production for January 2025, which is considered current production. Preliminary production volumes are approximately 53,621 barrels of oil and 1,100,895 Mcf of gas. Preliminary prices are approximately $71.45 per barrel of oil and $3.30 per Mcf of gas.","length":339,"tagName":"p"},{"type":"text","content":"This month's distribution is lower than the previous month's primarily due to a decrease in oil and gas production, partially offset by an increase in the price of oil and natural gas. Last month's realized oil price of $44.22 per barrel is significantly lower than national averages due to multiple prior period adjustments from various remitters. However, the price of oil for the January 2025 production month averaged $71.56 per barrel.","length":452,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"11","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"The table below compares this month's production and prices to the previous month's:","length":92,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"colspan":"5","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0...