Sabine Royalty Trust Announces Monthly Cash Distribution For January

     Sabine Royalty Trust Announces Monthly Cash Distribution For January

PR Newswire

DALLAS, Jan. 4, 2013

DALLAS, Jan. 4, 2013 /PRNewswire/ -- Sabine Royalty Trust (NYSE: SBR) today
declared a cash distribution to the holders of its units of beneficial
interest of $0.25115 per unit, payable on January 29, 2013, to unit holders of
record on January 15, 2013. 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 October 2012 and
the gas production for September 2012. Preliminary production volumes are
approximately 33,359 barrels of oil and 458,429 Mcf of gas. Preliminary
average prices are approximately $86.94 per barrel of oil and $3.10 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  33,359    458,429    $86.94     $3.10
Prior Month    34,831    567,4375   $91.20     $2.92

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.

Due to the timing of the end of the month of December, approximately $939,000
of revenue received will be posted in the following month of January in
addition to normal receipts during January. Since the close of business in
December and prior to this press release, approximately $845,000 in revenue
has been received.

Approximately $127,000 for 2012 Ad Valorem taxes was deducted from this
month's distribution as compared to $323,000 for December 2011. These
payments are normal expenditures at this time of year.

The 2012 tax information packets are expected to begin mailing directly to
unitholders in early March 2013. A copy of Sabine's 2012 tax information
booklet will be posted on Sabine's website by March 1, 2013. In addition to
the tax booklet the Sabine website will also offer two simple calculators for
computing the income and expense amounts and the cost depletion. The
calculators are expected to be updated with the 2012 tax information by
February 15, 2013.

SOURCE Sabine Royalty Trust

Website: http://www.sbr-sabineroyalty.com
Contact: Ron E. Hooper, Senior Vice President, U.S. Trust, Bank of America
Private Wealth Management, Trustee, 1-800-365-6541
 
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