DALLAS, Aug. 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
$0.34502 per unit, payable on August 29, 2006, to unit holders of record on
August 15, 2006.
This distribution reflects primarily the oil production for May 2006 and
the gas production for April 2006. Preliminary production volumes are
approximately 39,856 barrels of oil and 517,349 mcf of gas. Preliminary
prices are approximately $65.02 per barrel of oil and $6.57 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 Gas Oil Gas
(Bbls) (Mcf) (per Bbl) (per Mcf)
Current Month 39,856 517,349 $65.02 $6.57
Prior Month 41,026 512,887 $65.05 $6.60
Due to the timing of the end of the month of July, approximately
$242,000 of revenue received will be posted in the following month of
August in addition to normal receipts during August. 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 are posted within 30 days of
receipt.
For the available 2006 reports and additional information 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
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