Sabine Royalty Trust Announces Monthly Cash Distribution For August 2017

DALLAS, Aug. 4, 2017

This distribution reflects primarily the oil production for May 2017 and the gas production for April 2017.  Preliminary production volumes are approximately 47,437 barrels of oil and 444,468 Mcf of gas.  Preliminary prices are approximately $46.96 per barrel of oil and $2.81 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) ARIVA.DE Börsen-Geflüster Kurse Sabine Royalty Trust 62,47 $ 0,00%		Gas (Mcf)			Oil (per bbl)		Gas (per Mcf)
Current Month		47,437		444,468			$46.96		$2.81
Prior Month		29,829		522,651			$47.92		$2.71

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 July, approximately $1,115,000 of revenue received will be posted in the following month of August in addition to normal receipts during August.  Since the close of business in July and prior to this press release, approximately $776,000 in revenue has been received.

The January 1, 2017 Reserve Summary has now been posted on the Sabine website at http://www.sbr-sabine.com/.

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SOURCE Sabine Royalty Trust