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0000950134-06-006783.txt : 20060406 0000950134-06-006783.hdr.sgml : 20060406 20060406114806 ACCESSION NUMBER: 0000950134-06-006783 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060405 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060406 DATE AS OF CHANGE: 20060406 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: 06744187 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 d34857e8vk.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): April 5, 2006

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.)


Trust Division Royalty Trust Group Bank of America, N.A. 901 Main Street, 17th Floor Dallas, Texas (Address of principal executive offices)		75202 (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))

TABLE OF CONTENTS


	Item 2.02. Results of Operations and Financial Condition.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Press Release

Item 2.02. Results of Operations and Financial Condition.

On April 5, 2006, the Registrant issued a press release announcing its monthly cash distribution to unitholders of record on April 17, 2006. 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.

Exhibits

99.1

Press Release dated April 5, 2006.

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: April 6, 2006

EXHIBIT INDEX


Exhibit
Number		Description
99.1		Press Release dated April 5, 2006.

EX-99.1 2 d34857exv99w1.htm PRESS RELEASE exv99w1

Exhibit 99.1


		News Release

SABINE ROYALTY TRUST ANNOUNCES
MONTHLY CASH DISTRIBUTION FOR APRIL AND 2006 RESERVE QUANTITIES

Dallas, Texas, April 5, 2006 – 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 $0.48123 per unit, payable on April 28, 2006, to unit holders of record on April 17, 2006.

Due to the timing of the end of the month of March, approximately $220,000 of revenue received will be posted in the following month of April in addition to normal receipts during April. This distribution reflects primarily the oil production for January 2006 and the gas production for December 2005. Preliminary production volumes are approximately 53,279 barrels of oil and 529,551 mcf of gas. Preliminary prices are approximately $56.27 per barrel of oil and $8.90 per mcf of gas.

Sabine Royalty Trust, as it does after the end of each year, had a year-end Reserve Report prepared in accordance with the Securities and Exchange Commission’s requirements. This report provides an evaluation of the estimated asset value as of December 31 of each year, which can be used to estimate the remaining life of the Trust.

The estimated net proved reserves, as of January 1, 2006, attributable to the Trust from the properties appraised are approximately 6.3 million barrels of oil and 36.4 billion cubic feet of gas with a future net value of approximately $577,000,000.

With the estimated quantities of this year’s reserve estimate of 6.3 million barrels of oil and 36.4 billion cubic feet of gas remaining, it could be estimated that the Trust still has a life span of 8 to 10 years. The report is an exhibit to the Trust’s Annual Report on Form 10-K that was filed on in March 15, 2006 and is available to all unitholders at this time on the SEC website.

For additional information on Sabine Royalty Trust, please visit our website at http://www.sbr-sabineroyalty.com/.

* * *


		Contact:		Ron E. Hooper
				Senior Vice President
				Bank of America, N.A.
				Toll Free – 800.365.6541

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