Sabine Royalty Trust (SBR) SEC Filing 8-K Material Event for the period ending Tuesday, March 5, 2019

Sabine Royalty Trust

CIK: 710752 Ticker: SBR

Exhibit 99.1

Sabine Royalty Trust





Dallas, Texas, March 5, 2019 – 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 $0.278540 per unit, payable on March 29, 2019, to unit holders of record on March 15, 2019. 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

This distribution reflects primarily the oil production for December 2018 and the gas production for November 2018. Preliminary production volumes are approximately 57,908 barrels of oil and 705,657 Mcf of gas. Preliminary prices are approximately $48.87 per barrel of oil and $2.77 per Mcf of gas.

The table below compares this month’s production and prices to the previous month’s:


     Net to Trust Sales
     Average Price  
     Oil (bbls)      Gas (Mcf)      Oil
(per bbl)
(per Mcf)

Current Month

     57,908        705,657      $ 48.87      $ 2.77  

Prior Month

     49,529        577,269      $ 51.90      $ 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 $2,646,000 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 $946,000 in revenue has been received.

The 2018 tax information packets will begin mailing directly to unitholders during the week of March 4th. A copy of Sabine’s 2018 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 2018 tax computation.

The January 1, 2018 Reserve Summary is available on the Sabine website at

*        *        *



Ron Hooper

SVP, Royalty Trust Services

Simmons Bank

Toll Free (855) 588-7839

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Sabine Royalty Trust's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Sabine Royalty Trust provided additional information to their SEC Filing as exhibits

Ticker: SBR
CIK: 710752
Form Type: 8-K Corporate News
Accession Number: 0001193125-19-063582
Submitted to the SEC: Tue Mar 05 2019 1:01:02 PM EST
Accepted by the SEC: Tue Mar 05 2019
Period: Tuesday, March 5, 2019
Industry: Oil Royalty Traders
  1. Earnings Release
  2. Financial Exhibit

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