Sabine Royalty Trust declares July distribution of $0.54999/unit, down from prior month

SABINE ROYALTY TRUST

Distribution of $0.54999/unit payable July 29 to record July 15.
Preliminary volumes: 40,082 bbl oil (down from 64,786 prior month) and 1,024,821 Mcf gas (down slightly).
Average oil price $105.12/bbl (up from $94.63); gas price $4.57/Mcf (down from $5.19).
New horizontal gas wells in Panola County contributed ~$880k; additional 8 wells contributed ~$200k.
Approximately $900,762 of revenue received after month-end will be included in July posting.

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