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
$0.34556 per unit, payable on November 29, 2005, to unit holders of record on
November 15, 2005.
Approximately $442,000.00 for 2005 ad valorem taxes is being deducted from
this month's distribution as compared to $670,000.00 for 2004. These payments
are normal expenditures at this time of year. Also, due to the timing of the
end of the month of October, approximately $437,000 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 2005
and the gas production for July 2005. Preliminary production volumes are
approximately 55,563 barrels of oil and 406,065 mcf of gas. Preliminary
prices are approximately $59.91 per barrel of oil and $7.68 per mcf of gas.
For 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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