DALLAS, Oct. 4 /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
$0.27953 per unit, payable on October 30, 2006, to unit holders of record
on October 16, 2006.
This distribution reflects primarily the oil production for July 2006 and
the gas production for June 2006. Preliminary production volumes are
approximately 31,093 barrels of oil and 395,854 mcf of gas. Preliminary
prices are approximately $66.99 per barrel of oil and $6.20 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 31,093 395,854 $66.99 $6.20
Prior Month 38,906 597,447 $66.17 $6.11
Due to the timing of the end of the month of September, approximately
$385,000 of revenue received will be posted in the following month of
October in addition to normal receipts during October. 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, for Sabine Royalty Trust
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