Sabine Royalty Trust

Type: Public
On the web: http://www.sbr-sabineroyalty.com
Employees: 0

Sabine Royalty Trust owns royalty interests in oil and gas properties located on about 2.1 million gross acres (216,551 net) in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The trust, which was formed in 1983, receives royalties based on the amount of oil and gas produced and sold and distributes them on a monthly basis to shareholders. Although royalty trusts distribute essentially all royalties received to shareholders (at substantial tax advantage), their profitability depends on the price of oil and gas and the continued productivity of the properties. Sabine Royalty Trust's properties have proved reserves of about 5.3 million barrels of oil and 35.6 billion cu. ft. of natural gas.

Key numbers for fiscal year ending December, 2007:
Sales: $59.3M
One year growth: (4.4%)
Net income: $57.1M
Income growth: (4.6%)

Officers:
SVP and Administrator, Bank of America, N.A., Trustee: Royalty Trusts

Competitors:
Cross Timbers Royalty Trust
Panhandle Oil and Gas
Torch Energy

abbr. special boat squadron.

See the Introduction, Abbreviations and Pronunciation for further details.