0000950123-11-082668.txt : 20110906 0000950123-11-082668.hdr.sgml : 20110905 20110906150511 ACCESSION NUMBER: 0000950123-11-082668 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110902 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110906 DATE AS OF CHANGE: 20110906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SABINE ROYALTY TRUST CENTRAL INDEX KEY: 0000710752 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756297143 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08424 FILM NUMBER: 111075593 BUSINESS ADDRESS: STREET 1: PO BOX 830650 CITY: DALLAS STATE: TX ZIP: 75283-0650 BUSINESS PHONE: 2145082400 MAIL ADDRESS: STREET 1: PO BOX 830650 CITY: DALLAS STATE: TX ZIP: 75283-0650 8-K 1 d84510e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 2, 2011
SABINE ROYALTY TRUST
(Exact name of Registrant as specified in its charter)
         
Delaware   1-8424   76-6297143
(State or other jurisdiction of
incorporation or organization) 		  (Commission
File Number) 		  (I.R.S. Employer
Identification No.)
     
U.S. Trust, Bank of America
Private Wealth Management
901 Main Street, 17th Floor		    
Dallas, Texas   75202
(Address of principal executive offices)   (Zip Code)
Registrant’s Telephone Number, including area code: (214) 209-2400
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.02. Results of Operations and Financial Condition.
     On September 2, 2011, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on September 15, 2011. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
     This Report on Form 8-K is being furnished pursuant to Item 2.02, Results of Operations and Financial Condition. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.
  d.   Exhibits
  99.1   Press Release dated September 2, 2011.

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
                 
    Sabine Royalty Trust    
 
                
    By:   Bank of America, N.A., Trustee    
 
                
 
      By:   /s/ RON E. HOOPER    
 
         
 
Ron E. Hooper 		   
 
          Senior Vice President and Administrator    
Date: September 6, 2011

 

 

EXHIBIT INDEX
     
Exhibit    
Number   Description
 
    
99.1
  Press Release dated September 2, 2011.

 

EX-99.1 2 d84510exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Sabine Royalty Trust
SABINE ROYALTY TRUST ANNOUNCES
MONTHLY CASH DISTRIBUTION FOR SEPTEMBER
     Dallas, Texas, September 2, 2011 — Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.39187 per unit, payable on September 29, 2011, to unit holders of record on September 15, 2011. Sabine’s cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.sbr-sabineroyalty.com/.
     This distribution reflects primarily the oil production for June 2011 and the gas production for May 2011. Preliminary production volumes are approximately 38,316 barrels of oil and 602,064 Mcf of gas. Preliminary average prices are approximately $90.98 per barrel of oil and $4.51 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
     38,316       602,064     $ 90.98     $ 4.51  
Prior Month
     38,573       599,054     $ 95.71     $ 4.69  
     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 will be posted within 30 days of receipt.
     Due to the timing of the end of the month of August, approximately $456,000 of revenue received will be posted in the following month of September in addition to normal receipts during September. Since the close of business in August and prior to this press release, approximately $344,000 in revenue has been received.
*      *      *
Contact:   Ron E. Hooper
Senior Vice President
U.S. Trust, Bank of America Private Wealth Management, Trustee
Toll Free Number: 1.800.365.6541