Sabine Royalty Trust Announces Monthly Cash Distribution For January 2017

DALLAS, Jan. 6, 2017

This distribution reflects primarily the oil production for October 2016 and the gas production for September 2016.  Preliminary production volumes are approximately 46,508 barrels of oil and 580,356 Mcf of gas.  Preliminary prices are approximately $47.71 per barrel of oil and $2.80 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 ARIVA.DE Börsen-Geflüster Kurse Sabine Royalty Trust 63,47 $ -0,55%
		Oil (bbls)		Gas (Mcf)			Oil (per bbl)		Gas (per Mcf)
Current Month		46,508		580,356			$47.71		$2.80
Prior Month		46,588		453,941			$42.82		$2.70

Revenues are only posted and distributed when they are received.  Most energy companies normally issue payment of royalties on or about the 25^th 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 December, approximately $564,000 of revenue received will be posted in the following month of January in addition to normal receipts during January.  Since the close of business in December and prior to this press release, approximately $1,355,000 in revenue has been received.

Approximately $145,000 for 2016 Ad Valorem taxes was deducted from this month's distribution as compared to $224,000 this time last year.  These payments are normal expenditures at this time of year.

The 2016 tax information packets are expected to begin mailing directly to unitholders in early March 2017.  A copy of Sabine's 2016 tax information booklet will be posted on Sabine's website by March 1, 2017.  In addition to the tax booklet the Sabine website will also offer two simple calculators for computing the income and expense amounts and the cost depletion.  The calculators are currently expected to be updated with the 2016 tax information by February 15, 2017.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-january-2017-300386637.html

SOURCE Sabine Royalty Trust