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Sabine Royalty Trust is a publicly traded trust that holds royalty and mineral interests in various producing oil and gas properties across the United States. These interests include landowner’s royalties, overriding royalty interests, mineral rights, production payments, and similar non-participatory interests. The trust’s assets are primarily located in states such as Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. The company is headquartered in Dallas, Texas, and its shares are listed on the NYSE.