DALLAS, Nov. 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
$0.20490 per unit, payable on November 29, 2004, to unit holders of record on
November 15, 2004.
Approximately $670,000.00 for 2004 ad valorem taxes is being deducted from
this month's distribution as compared to $280,000.00 for 2003. These payments
are normal expenditures at this time of year. Also, due to the timing of the
end of the month of October, approximately $197,000 of revenue received will
be posted in the following month of November in addition to normal receipts
during November.
This distribution reflects primarily the oil production for August 2004
and the gas production for July 2004. Preliminary production volumes are
approximately 40,000 barrels of oil and 398,000 mcf of gas. Preliminary
prices are approximately $39.53 per barrel of oil and $5.71 per mcf of gas.
For more 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
Company News On-Call:
http://www.prnewswire.com/comp/118881.html
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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