Welcome to our dedicated page for Sabine Royalty news (Ticker: SBR), a resource for investors and traders seeking the latest updates and insights on Sabine Royalty stock.
Sabine Royalty Trust (SBR) is an express trust that holds non-participatory royalty and mineral interests in oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. Argent Trust Company, as Trustee, regularly issues press releases announcing monthly cash distributions to holders of units of beneficial interest, making SBR a name that frequently generates distribution-related news.
This news page focuses on monthly cash distribution announcements, which explain the amount per unit to be paid, the record date for unitholders and the payment date. Each release also describes the underlying oil and natural gas production months that the distribution reflects, along with preliminary production volumes and realized prices for oil (in barrels) and gas (in Mcf).
Investors following Sabine Royalty Trust can use these updates to see how changes in production levels, commodity prices and Ad Valorem tax deductions affect distributable income. The Trustee’s commentary often compares the current month’s distribution to the prior month and attributes increases or decreases to specific factors, such as higher or lower production, pricing shifts or the timing of royalty receipts.
In addition, the news releases highlight timing differences in royalty payments, noting when revenue received near the end of a month will be posted in the following month. They also reference the availability of the Trust’s cash distribution history, financial reports, tax information booklets and reserve summaries. For readers who track income-oriented securities and energy-related royalty interests, this page provides an organized view of Sabine Royalty Trust’s recurring public announcements.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), announced a cash distribution of $0.274940 per unit, payable on September 29, 2021, to unit holders recorded by September 15, 2021. This distribution reflects oil production figures for May 2021 and gas production for April 2021, totaling approximately 46,167 barrels of oil and 677,387 Mcf of gas. The average prices per barrel of oil are $64.04 and $2.74 per Mcf of gas. Additionally, revenue delays due to pandemic-related disruptions have been noted, with over $1.6 million expected to be recorded in September.
On August 6, 2021, Simmons Bank, Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.318130 per unit for August 2021, payable on August 30. This distribution is based on oil production from April 2021 and gas production from March 2021, with preliminary volumes reported at 53,612 barrels of oil and 785,545 Mcf of gas. The average prices were $62.89 per barrel of oil and $2.54 per Mcf of gas. Despite delayed revenue posting due to industry disruptions in July, adjustments are being made to ensure operations continue smoothly.
Simmons Bank, Trustee of the Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.278250 per unit, payable on July 29, 2021. This distribution is based on oil production from March 2021 and gas production from February 2021, amounting to approximately 52,988 barrels of oil and 637,149 Mcf of gas. The average prices were $56.35 per barrel and $2.95 per Mcf. Due to operational delays related to shelter-at-home orders, approximately $1,453,000 in revenue will be posted in July. The 2020 Annual Report is also available on their website.
On June 4, 2021, Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), declared a cash distribution of $0.293880 per unit, payable on June 29, 2021. This distribution corresponds to oil production from March and gas production from February 2021, with preliminary production volumes of approximately 45,851 barrels of oil and 476,918 Mcf of gas. Current prices are around $59.10 per barrel and $4.87 per Mcf. The trust's estimated net proved reserves are approximately 6.3 million barrels of oil and 39.8 billion cubic feet of gas.
Simmons Bank, as Trustee of Sabine Royalty Trust (NYSE: SBR), announced a cash distribution of $0.251570 per unit, payable on May 28, 2021, to unit holders recorded on May 17, 2021. The distribution reflects oil production from February 2021 and gas production from January 2021, with preliminary volumes of 43,616 barrels of oil and 863,460 Mcf of gas. Average prices were $54.69 per barrel of oil and $2.48 per Mcf of gas. The Trust also reported estimated net proved reserves totaling 6.3 million barrels of oil and 39.8 billion cubic feet of gas valued at approximately $229.43 million.
Sabine Royalty Trust (SBR) has declared a cash distribution of $0.237940 per unit, payable on April 29, 2021, to unit holders recorded by April 15. The March revenue was affected by shelter-at-home orders, showing a decline in production with 50,741 barrels of oil and 650,124 Mcf of gas for January 2021. Oil prices increased to $49.56 per barrel, while gas prices rose to $2.56 per Mcf. Despite revenue fluctuations, the Trust's estimated reserves are 6.3 million barrels of oil and 39.8 billion cubic feet of gas as of January 1, 2021.
Simmons Bank, Trustee of the Sabine Royalty Trust (SBR), has announced a monthly cash distribution of $0.210990 per unit, payable on March 29, 2021. Unit holders of record as of March 15 will receive this payment. The distribution is primarily based on oil and gas production volumes from December 2020 and November 2020, totaling approximately 51,259 barrels of oil and 719,512 Mcf of gas at prices of $41.30 per barrel and $2.44 per Mcf respectively. The Trust's revenues have been impacted by energy pricing and operational delays due to shelter-in-place orders.
Simmons Bank, Trustee of the Sabine Royalty Trust (NYSE: SBR), has declared a cash distribution of $0.155290 per unit, payable on February 26, 2021. This distribution reflects oil production from November 2020 and gas production from October 2020, with preliminary production volumes of 46,433 barrels of oil and 657,693 Mcf of gas. Recent revenue impacts are attributed to shelter-at-home orders and a decline in energy prices. The company will also post an additional $964,000 in revenue received since January.
Simmons Bank, as Trustee of the Sabine Royalty Trust (SBR), declared a cash distribution of $0.167140 per unit, payable on January 29, 2021. This distribution reflects oil production from October 2020 and gas production from September 2020, with preliminary volumes reported at 52,258 barrels of oil and 675,539 Mcf of gas. The average prices were $37.24 per barrel and $1.99 per Mcf. Due to revenue timing and energy price fluctuations, some revenue will be reflected in January's postings, impacting future distributions.
Simmons Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), has announced a cash distribution of $0.124040 per unit, payable on December 29, 2020, to unit holders of record as of December 15, 2020. The distribution reflects primarily oil production for September 2020 and gas production for August 2020, with preliminary volumes at 49,182 barrels of oil and 761,607 Mcf of gas. Notably, $671,000 in revenue will be posted in December, and $722,000 for 2020 Ad Valorem taxes was deducted from this month's distribution, compared to $922,000 last year.