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SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR FEBRUARY 2025
CASHPathward Financial(CASH) Prnewswire·2025-02-07 13:00

Core Viewpoint - Argent Trust Company declared a cash distribution of 0.439510perunitfortheSabineRoyaltyTrust,reflectingcurrentoilandgasproductionandpricingtrends[1][2].DistributionDetails−ThecashdistributionispayableonFebruary28,2025,tounitholdersofrecordonFebruary18,2025[1].−Thismonth′sdistributionisslightlylowerthanthepreviousmonthduetoadecreaseinoilandgasproduction,despiteanincreaseinprices[3].ProductionandPricing−PreliminaryproductionvolumesforNovember2024wereapproximately68,827barrelsofoiland1,444,799Mcfofgas,withpricesatapproximately0.439510 per unit for the Sabine Royalty Trust, reflecting current oil and gas production and pricing trends [1][2]. Distribution Details - The cash distribution is payable on February 28, 2025, to unit holders of record on February 18, 2025 [1]. - This month's distribution is slightly lower than the previous month due to a decrease in oil and gas production, despite an increase in prices [3]. Production and Pricing - Preliminary production volumes for November 2024 were approximately 68,827 barrels of oil and 1,444,799 Mcf of gas, with prices at approximately 69.88 per barrel of oil and 1.99perMcfofgas[2][3].−Thepriormonth′sproductionwas76,247barrelsofoiland1,617,815Mcfofgas,withpricesof1.99 per Mcf of gas [2][3]. - The prior month's production was 76,247 barrels of oil and 1,617,815 Mcf of gas, with prices of 67.70 per barrel and 1.61perMcf[3].RevenuePosting−Revenuesaredistributedonlyafterbeingreceived,verified,andposted,withmostenergycompaniesissuingroyaltypaymentsaroundthe25thofeachmonth[4].−Approximately1.61 per Mcf [3]. Revenue Posting - Revenues are distributed only after being received, verified, and posted, with most energy companies issuing royalty payments around the 25th of each month [4]. - Approximately 265,000 of revenue received in January will be posted in February, in addition to normal cash receipts for that month [5]. Tax Deductions - Approximately 115,000for2024AdValoremtaxeswasdeductedfromthismonth′sdistribution,comparedto115,000 for 2024 Ad Valorem taxes was deducted from this month's distribution, compared to 384,000 for the same period last year [6].