| Business Summary | | Sabine
Royalty
Trust
was
established
under
the
Sabine
Corporation
Royalty
Trust
Agreement
to
receive
a
distribution
of
royalty
and
mineral
interests
from
Sabine
Corporation.
These
interests
include
landowner's
royalties,
overriding
royalty
interests,
minerals,
other
than
executive
rights,
bonuses
and
delay
rentals,
production
payments
and
any
other
similar,
nonparticipatory
interest
in
certain
producing
and
proved
undeveloped
oil
and
gas
properties
located
in
Florida,
Louisiana,
Mississippi,
New
Mexico,
Oklahoma
and
Texas.
Bank
of
America,
N.A.
(the
Trustee)
acts
as
trustee
of
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SBR
was
established
between
Sabine
Corp.,
as
trustor,
and
NationsBank
of
Texas,
N.A.,
as
trustee,
and
by
the
transfer
from
Sabine
Corp.
to
the
Trust,
of
royalty
and
mineral
interests
in
producing
and
proved
undeveloped
oil
and
gas
properties
in
six
states.
For
the
six
months
ended
6/30/01,
royalty
income
rose
54%
to
$25.1
million.
Distributable
income
rose
57%
to
$24.4
million.
Results
reflect
increased
oil
and
gas
prices
and
production
and
higher
interest
income. | More
from
Market Guide: Significant
Developments |
| Officers | | Ron
E. Hooper,
VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|