DALLAS, Oct. 3, 2014 /PRNewswire/ -- Southwest 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 $0.46947 per unit,
payable on October 29, 2014, to unit
holders of record on October 15,
2014. 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
July 2014 and the gas production for
June 2014. Preliminary production volumes are approximately
46,103 barrels of oil and 772,536 Mcf of gas. Preliminary
prices are approximately $95.39 per
barrel of oil and $4.08 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
|
|
46,103
|
|
772,536
|
|
$95.39
|
|
$4.08
|
|
|
|
|
|
|
|
|
|
Prior
Month
|
|
35,694
|
|
553,429
|
|
$96.52
|
|
$4.65
|
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 September and the
transition to new systems, approximately $1,729,207 of revenue received will be posted in
the following month of October in addition to normal receipts
during October. Since the close of business in September and prior
to this press release, approximately $641,000 revenue has been received.
SOURCE Sabine Royalty Trust