Exhibit 99.1

Sabine Royalty Trust

News Release

SABINE ROYALTY TRUST ANNOUNCES
MONTHLY CASH DISTRIBUTION FOR MAY

          Dallas, Texas, May 3, 2007 — 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 $0.34042 per unit, payable on May 29, 2007, to unit holders of record on May 15, 2007.

This distribution reflects primarily the oil production for February 2007 and the gas production for January 2007. Preliminary production volumes are approximately 47,576 barrels of oil and 440,614 mcf of gas. Preliminary prices are approximately $54.93 per barrel of oil and $6.68 per mcf of gas. The table below compares this month’s production and prices to the previous months:

	Net to Trust Sales
	Volumes				Average Price
	Oil		Gas (Mcf)		Oil		Gas
	(Bbls)				(per Bbl)		(per Mcf)
Current Month		47,576		440,614	$	54.93	$	6.68
Prior Month		40,567		463,979	$	51.73	$	6.59

          Due to the timing of the end of the month of April, approximately $182,000 of revenue received will be posted in the following month of May in addition to normal receipts during May. Revenues are only posted and distributed when they are received. Most energy companies normally issue payment of royalties on or about the 25^th 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. Since the close of business in April and prior to this press release, approximately $858,000 in revenue has been received.

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

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