DALLAS, March 3 /PRNewswire-FirstCall/ -- Bank of America, N.A., Dallas,
Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a
cash distribution to the holders of its units of beneficial interest of
$0.20350 per unit, payable on March 29, 2005, to unit holders of record on
March 15, 2005.
Due to the timing of the end of the month of February, approximately
$171,000 of revenue received will be posted in the following month of March in
addition to normal receipts during March. Approximately $896,000 was received
on March 1, 2005.
This distribution reflects primarily the oil production for December 2004
and the gas production for November 2004. Preliminary production volumes are
approximately 24,745 barrels of oil and 362,256 mcf of gas. Preliminary
prices are approximately $38.34 per barrel of oil and $6.14 per mcf of gas.
As of March 7, 2005, all tax information for the 2004 tax year should be
in the mail. In most cases, the information is being mailed directly to unit
holders of the Trust. To access the 2004 Tax Information Booklet and other
information, including the latest financial reports on Sabine Royalty Trust,
please visit our website at http://www.sbr-sabineroyalty.com/ .
SOURCE Sabine Royalty Trust
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Related links:
http://www.sbr-sabineroyalty.com
CONTACT:
Ron E. Hooper, Senior Vice President of Bank
of America, N.A., +1-800-365-6541, for Sabine Royalty Trust
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